Shutterstock photo(RTTNews.com) - The market is awaiting the announcement by European Central Bank Chief Mario Draghi at the conclusion of Bank's policy session. Draghi might announce a gradual reduction in the massive monetary stimulus. Early signs from the U.S. Futures Index suggest that Wall Street might open higher. International Trade in Goods is a major economic announcement of the day. Asian shares closed mixed while European shares are trading higher.
As of 7 am ET, the Dow futures were climbing 18 points, the S&P 500 futures were adding 1.75 points, and the Nasdaq 100 futures were gaining 4.25 points. U.S. stocks closed lower on Wednesday. The Dow fell 112.30 points or 0.5 percent to 23,329.46, the Nasdaq slid 34.54 points or 0.5 percent to 6,563.89 and the S&P 500 dropped 11.98 points or 0.5 percent to 2,557.15.
On the economic front, the Census Bureau's International Trade in Goods for September will be issued at 8.30 am ET. The economists are looking for consensus of a deficit of $6.3.9 billion, compared to $62.9 billion a year ago.
The Labor Department's Jobless Claims for the week will be published at 8.30 am ET. The consensus is for 235K, up from 222K in the prior week.
National Association of Realtors' Pending Home Sales Index for September will b released at 10.00 am ET. The consensus is for growth of 0.4 percent, compared to a decline of 2.6 percent in the prior month.
The Energy Information Administration's (EIA) Natural Gas Report for the week will be issued at 10.30 am ET. In the prior week, the change was 51 bcf.
Minneapolis Federal Reserve Bank President Neel Kashkari shall give Welcoming Remarks at Opportunity and Inclusive Growth Institute Fall Conference in Minneapolis at 10.30 am ET.
The seven-year Treasury Note Auction will be held at 1.00 pm ET.
The Fed Balance sheet for the week will be published at 4.30 pm ET. The prior year level was $4.470 trillion.
The Fed's Money Supply data for the week will be issued at 4.30 pm ET. The M2 weekly change was $27.6 billion.
In the corporate sector, Hilton Worldwide Holdings Inc. ( HLT ) reported that its third-quarter attributable net income was $179 million or $0.55 per share, down from $187 million or $0.57 per share last year. Adjusted for special items, earnings were $0.56 per share, compared to $0.30 last year. Total revenues
increased to $2.35 billion from last year's $1.87 billion.
The prior year's pro forma revenues were $2.20 billion.
WESCO International, Inc. (WCC) raised full year sales expectations to be up 3 to 4 percent and increased earnings outlook to $3.75 to $3.95 per share. The company previously projected full-year sales to be up 1 to 3 percent, and earnings to be $3.60 to $3.90 per share.
For the third quarter, earnings per share was $1.12, compared to a loss per share of $0.73 in the previous year. Net sales were $2.00 billion for the third quarter, compared to $1.86 billion for the third quarter of 2016, an increase of 7.8 percent. Organic sales for the third quarter of 2017 grew by 8.6 percent.
Asian stocks closed mixed on Thursday. China's Shanghai Composite index rose 10.67 points or 0.31 percent to 3,407.57. Hong Kong's Hang Seng index finished down 10.67 points or 0.31 percent at 28,202.38.
Japanese shares eked out modest gains on earnings optimism and amid the prospect of further stimulus from the government. The Nikkei average rose 32.16 points or 0.15 percent to 21,739.78 while the broader Topix index closed 0.14 percent higher at 1.753.90.
Australian shares recovered from early losses to end modestly higher. The benchmark S&P/ASX 200 rose 10.70 points or 0.18 percent to 5,916.30 while the broader All Ordinaries index ended up 9.80 points or 0.16 percent at 5,982.50.
European shares are higher. Among the major indexes in the region, the CAC 40 Index of France is climbing 26.82 points or 0.48 percent. The German DAX is progressing 47.57 points or 0.37 percent and the U.K. FTSE 100 Index is gaining 32.20 points or 0.43 percent and the Swiss Market Index is up 53.41 points or 0.59 percent.The Euro Stoxx 50 Index is up 0.35 percent.
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