ECB kept rates unchanged
The market is also awaiting a busy economic calendar at 8:30 AM ET/1230 GMT:
- Durable goods for September. expected -1.5% versus 4.4% last month. Ex-transportation expected +0.4% versus 0.0% last month. Cap goods orders nondef ex air is expected up 0.5% vs -0.9% last month. Cap Good shipments nondef ex-air expected at 0.4% versus -0.2%.
- Initial jobless claims expected 215K versus 210K
- Advanced goods trade balance for September (US) expected $-75.1 billion vs $-75.5 billion
- US wholesale inventories expected 0.5% versus 1.0% last month
- ECB Draghi press conference after the ECB rates unchanged as expected
Later that 10 AM ET:
- US pending home sales for September expected to remain unchanged after a -1.8% decline last month
At 11 AM ET the Kansas City Fed manufacturing activity index for October are expected at 14 versus 13 last month.
At 1215 p.m. ET, 1615 GMT Fed vice chairman Clarida speaks on economic outlook
At 1 PM ET/1700 GMT the US treasury will auction US$31 billion of seven-year notes.
The earnings calendar is full of releases today with Amazon, alphabet and Intel reporting after the close (amongst many others)
