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Futures Rise Ahead Of Data Dump, ECB Decision

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US equity futures rose ahead of a data dump that includes retail sales, PPI and jobless claims, tracking Asian markets higher while European bourses struggled for direction before the ECB's rate decision (which will most likely be Europe's last hike despite the continent slumping into a deep stagflationary recession) at 8:15am ET Thursday. At 7:45am ET, Nasdaq 100 contracts rose 0.4% ahead of Arm’s trading debut, S&P 500 Futures were up 0.37%. Oil neared a 10-month high; short-end Treasuries nudged up as did the euro. The dollar is flat, gold slipped and bitcoin jumped. Escalating strikes in Australia caused European LNG prices to swing.

ZeroHedge Opinion     Sep 14, 2023