U.S. futures reverse earlier losses after ECB decision. Global stocks bounced after the ECB said they expect rates to remain unchanged through 2019 or as long as needed. Additionally, the ECB announced the launch a new refinancing operation (TLTRO-III) that will begin in September, to provide low cost loans to euro area banks to help stimulate the economy. On the U.S. data front, weekly jobless claims were 223k, about in line with forecasts. The final read of Q4 non-farm productivity rose more than expected to 1.9%, however, unit labor costs also rose more than expected at 2%. European stocks also bounced after the ECB decision with bank stocks leading the charge. Asian stock closed mostly lower with China‚Äôs Shanghai composite one of the few indices to close in positive territory.
JPM/AMZN- AMZN and JPM in partnership with Berkshire Hathaway have named their joint health-care venture ‚ÄúHaven‚ÄĚ a launched a website for the project.
QCOM- according to the WSJ, the Defense and Energy departments are urging the FTC to settle their dispute with Qualcomm as a loss would hurt their ability to compete with China‚Äôs Huawei
US Futures Higher / Asia Lower / EU Higher / WTI @ 56.84 +0.62 / Brent 66.67 +0.68 / Nat Gas @ 2.83 -0.01 / Gold @ 1284.60 -3.00 / Platinum 826.06 -1.34 / Silver @ 15.05 -0.04 / Copper @ 2.92 +0.001 / AGS Mixed / Euro @ 1.1259 -0.0046 / 10 Yr UST @ 2.67% / 30 Yr @ 3.05%
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