Top Financial Shares:
JPM: +0.6%
BAC: +0.8%
WFC: +0.7%
C: +0.5%
USB: flat
Financial shares were higher in pre-market trading Thursday following the Wednesday decision by the US Federal Reserve to boost its key rate by 25 basis points. Investors awaited the at 8:30 am ET weekly jobless claims report, along with retail sales and import/export prices. A rate rise by the monetary policy makers of the Federal Open Market Committee at 2 pm ET is seen as almost certain.
Overseas, the Bank of England left monetary policy unchanged by unanimous votes on the nine-member Monetary Policy Committee, as had been widely anticipated, as did the European Central Bank.
Expected movers:
- UBS ( UBS ): head of wealth management unit steps down, replaced by president of UBS Switzerland.
- Vornado Realty Trust ( VNO ): halted in pre-market; prices offering of $450 million senior notes due 2025; redeems senior notes due 2019
Other news:
- Boston Properties ( BXP ): to redeem senior notes due 2018; sees $0.08-per-share impact in Q4
News from overseas:
- In Turkey, the lira fell after the Turkish Central Bank's rate increase fell short of expectations
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
