US Futures Remain Higher, However, Have Pared Gains After The ECB December Minutes

US Futures remain higher, however, have pared gains after the ECB December minutes.  The minutes from the ECB December meeting were viewed as hawkish as they hinted that forward guidance may have to be revisited in early 2018 if the economy continued to expand and inflation continues to move toward their target.  The minutes release caused the USD to weaken relative to the Euro and bond yields rose.  In US data, jobless claims for last week were up slightly to 261K.  Additionally, December PPI was below expectations, falling 0.1% on headline and falling 0.1% ex-food and energy.  European shares are mostly lower after hawkish ECB minutes, despite reports that euro area industrial production was up 1% in November.  Asian shares closed mixed as corporate earnings weighed on shares in Japan.

US Futures Pared Gains and Treasury Yields Rose Af...
US Futures are Lower as Treasury Yields Rise

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