Markets

U.S. Futures Mostly Flat; ECB, Hurricane Irma in Focus

U.S. stock futures were trading mostly flat on Thursday as investors stayed on the sidelines as the European Central Bank stood firm on its current policy and as markets eyed the impact of Hurricane Irma.

Oil prices were mixed on Thursday with global benchmark Brent Crude up 0.65%, while U.S. benchmark West Texas Intermediate down 0.08% recently as traders looked ahead to weekly data from the U.S. on stockpiles of crude and refined products.

At 8:30 a.m., data are expected to show jobless claims rising to 241,000 for the Sept. 2 week. Non-farm productivity and unit labor costs are expected to rise 1.3% from 0.9% and slip to 0.3% from 0.6%, respectively, in Q2, according to data compiled by Econoday.

Federal Reserve Presidents Loretta Mester, Raphael Bostic, William Dudley and Esther George are scheduled to give speeches.

In equities, shares of Cabela ( CAB ) were 14% higher pre-bell after Synovus Financial secured regulatory approval to acquire Cabela's banking unit.

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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.

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