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U.S. Morning Call: Draghi hoping to re-reassure markets

Thursday, October 04, 2012 - 03:08

Oct 4 - The ECB is expected to keep interest rates steady to allow time for new details on the euro zone's economic health and for Spain to ask for aid.

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What is super -- are ready to jump through to secure the eurozone economy will find out just the little bit. And offer checking in on US retailers. Later in the show let's kick up your morning call for Thursday. Don't expect any drastic moves from dragging this morning the ECB expected to hold interest rates steady at three quarters of a percent. These hands are tied because he's really waiting for the Spanish government to apply for a from money from the rescue fund. And he's I think he's gonna kick the ball back to a few of politicians to carry up to speed up all their efforts to find more integrated Euro zone. Draghi may make the case for a new bond buying program if Spain throws in the towel and asked for the ballot out. Later today we'll get a clue of what the Fed is thinking when it publishes minutes from its critical mid September meeting. Earlier this week Fed Chairman Ben Bernanke made his case for the US bond buying program. Are you -- it was temporary and would be unwound when the time was right. Ahead of the rate decision European shares moving up with banks the best performing sector for the region. US stock futures also -- to a higher open this morning after ending a strong note yesterday. Wednesday also marked the first presidential debate for the November 2012 election season. Hot topics from last night taxes the deficit financial regulation and health care. Little fact during the -- in -- exchange the president spoke form and it's longer than Republican challenger Mitt Romney. But most pundits say it was Romney who want to -- victorious in this round. What other hot topic at the forefront of last night's debate jobs or lack thereof. At 8:30 AM we'll see jobless claims data filed for last week. Economists forecast a total of 370000. New claims compared with 359000. In the prior week. Of course the more important indicator nonfarm payrolls out tomorrow morning. A little later today the Commerce Department releasing stats on August factory orders economists expecting -- fall of five point 8% after -- rise. Chain store sales for September trickling through the day today cost -- out this morning posted a better than expected 6% rise in sales. By higher gasoline prices and stronger dollar. -- stocks to watch HPC a number of price target cuts this morning after its stock plummeted to a nine year low yesterday. That's after CEO Meg Whitman warned of an unexpectedly steep earnings slide in 2013. With revenues set to fall in every division except software. And keep -- giant shares of three and today in the US manufactured ditching its attempt to buy Avery Dennison office and consumer product line. This comes a month after US regulators raised antitrust concerns over the proposed deal. That your morning call for Thursday follow us on Twitter at Reuters Insider for the latest headlines. And check out our -- -- to channel at Reuters dot com slash Reuters TV. I'm Lisa Bernhard this is writers.

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U.S. Morning Call: Draghi hoping to re-reassure markets

Thursday, October 04, 2012 - 03:08