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Pre-Market Trading: ECB Press Conference

Pre-market activity and scheduled economic data that may have an impact on the global financial markets. Live trading room access link.  Posted  6:15 am ET

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WORLD HEADLINES – The US dollar strengthened versus all of its major peers ahead of a European Central Bank policy meeting, while European stocks retreated and Asian shares advanced.

STOCKS – Futures on the S&P 500 Index were little changed, after gaining as much as 0.3 percent following the debate.

BONDS – U.S. Treasuries due in a decade were little changed. The  probability of a U.S. rate increase by December has climbed to 64 percent, fed fund futures indicate, from 59 percent at the end of September.

COMMODITIES –  Crude oil declined 1 percent to $51.07 a barrel in New York, after surging 2.6 percent on Wednesday.

CURRENCIES – The euro fell as much as 0.2 percent versus the greenback as traders await the ECB’s policy statement and a press briefing by the authority’s chief, Mario Draghi.

ECONOMIC DATA – EUR Minimum Bid Rate at 7:45, GBP PC Member Shafik Speaks at 8:00, ECB Press Conference at 8:30, US Philly Fed Manufacturing Index and Unemployment Claims, Existing Home Sales at 10:00 ET.


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