US Futures gain on strong earnings data. Better-than-expected earnings from Caterpillar and 3M have helped to lift stocks this morning. The US dollar weakening continues and has reached overnight lows despite the ECB decision to leave rates unchanged with no mentions of a change to the asset buying program. The weakening dollar has added strength to the commodity rally, with WTI now over $66/ barrel. On the data front, the Labor Department reported weekly jobless claims rose slightly to 233K, below expectations of 240k. At 10am, the market will get a read on December new home sales. European shares are higher after the ECB left rates unchanged and confirmed that the current level of asset purchases of â‚¬30B/month through the end of September. Asian shares closed mostly lower as exporters shares fell due to the continued weakening of the US dollar.