Futures up slightly after import/export price data, weekly jobless claims
2018-12-13 08:33:51
Stock futures are pointing toward a slightly higher open following a relatively quiet night and morning of news from a macro perspective. The ECB held rates steady and confirmed it will end its bond purchase program this month, as expected. In terms of U.S. data, the import price index was down 1.6% month-over-month in November, versus expectations for a 1% decline. Export prices were down 0.9% month-over-month, versus expectations for the index to be down 0.3%. Weekly jobless claims came in at 206,000, versus expectations for 226,000 first-time claims. In pre-market trading with about an hour until the opening bell, Dow futures are 64 points above fair value, Nasdaq futures are 39 points above fair value and S&P futures are 8 points above fair value.