NewsWare’s Trade Talk: Thursday, September 8

S&P Futures are slightly higher this morning ahead of the ECB decision on monetary policy and comments from Fed Chair Jerome Powell. A rate hike from the ECB is widely expected. Powell will be taking part in a moderated discussion on monetary policy with a question and answer segment to follow. Oil prices continue to trade lower in the pre-market as new COVID-related lockdowns in China and expectations of interest rate hikes by major central banks weighed on prices. The key economic report today is the Jobless Claims report due out 1 hour before the markets open.