Futures Soft Ahead of ECB Rate Announcement and U.S. Data

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Here’s a brief look at the pre-market action…

• Another day of watching developments in Greece, with no deal yet but stories this morning that the "deadline" now extended another 15 days...(which could put the market on hold for a while).

• However, several major data points and announcements today, with the ECB out with a rate announcement at 7:45 am est, jobless claims in the U.S. at 8:30 am and a continued flow of earnings reports

• Overnight China's inflation figures came in higher than expected which might lessen the odds of further monetary easing...Asian markets were largely flat to slightly down.

• Europe is up a bit at the moment, about +0.3%, as the BOE just announced a further round of QE and the ECB rate decision to come, which is expected to go unchanged.

• U.S. futures down slightly as we write…

Good Trading!
David W. (aka The Underground Trader)

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