US futures report a decline with European stocks. Investors are assimilating signals from Christine Lagarde’s first official statement and focusing on the trading front again. European bonds go up and the euro falters after the ECB leaves interest rates unchanged.
DOW futures are down about 14 points, SPX down 2.25 and NASDAQ down 9.5.
Starbucks shares are up 1.8% in pre-market session after JPMorgan raised the company rating to overweight.
General Electric is up 1.7% after UBS upgraded the company’s buy rating.
The Fed yesterday kept interest rates unchanged in its last meeting of the year. They made it clear that at this stage they remain on hold until they see stronger inflation activity and decide to raise interest rates again.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
Trader Martin Nikolov