What you need to know before the US open – 06/02
US stocks are expected to open up today, as futures advanced ahead of the European Central Bank’s decision to hold interest rates.
Attention is now on Draghi as he delivers a press conference following the announcement. So far, the president's said a worsening of the medium-term outlook for inflation could lead to action.
The S&P 500 was up 0.19 per cent, the Nasdaq 0.25 per cent and the Dow up 0.27 per cent in pre-market trading.
Initial jobless claims in the US fell to 331,000 in the last week of January – down from 351,000 the previous week.
And coffee roaster Green Mountain has seen its shares soar over 40 per cent in after-hours trading following news of a deal with Coca Cola.
Twitter opened down 23 per cent today as investor fright follows its disappointing results last night. UBS cut its recommendation for stock to 'sell' this morning.