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#StreetAccount Daily Market Preview | Oct 17th US futures are pointing to a higher open today. European equity markets have opened with modest gains, following mixed Asian markets. The focus in Europe is on today's ECB decision, which is widely expected to cut rates by 25 bps.… https://t.co/6qDy3EVJD9
Today is a BIG day in the markets. Here's my outlook for US Retail Sales and ECB. How to trade these events? 8:15AM ET⏰ECB Rate Change 8:30AM ET⏰US Retail Sales/Jobless Claims/Philly 8:45AM ET⏰ECB Press Conference https://t.co/B3Zv6Cb4wP
US Market Open: Sentiment holds an upward bias ahead of US Retail Sales, Jobless Claims, and the ECB https://t.co/sQFm2jWITm https://t.co/ANHy2fohgn https://t.co/7cawtGo2IE
European markets are set for a mixed open ahead of the European Central Bank (ECB) rate decision. European futures are trending lower, while US equity futures indicate a higher open. The ECB is expected to cut rates by 25 basis points due to low inflation. In the US, key reports to watch include retail sales and weekly jobless claims. Sentiment in the US market holds an upward bias ahead of these reports. Treasury yields are up 2-3 basis points, and the dollar is steady to higher. The ECB rate change is scheduled for 8:15 AM ET, followed by the US retail sales and jobless claims data at 8:30 AM ET, and the ECB press conference at 8:45 AM ET.
