Aug 2 - After yesterday's lackluster Fed announcement, investors are looking to the ECB to deliver on promises to support the euro.
We do not Monday night. The ECB. Is ready to do what ever it takes. To preserve the U. And Billy -- it would be enough. He talked the talk and now it's time to walk the walk. Mario Draghi and the ECB are out at 7:45 AM with the rate decision. Central banks sources telling Reuters that bold action is probably at least five weeks away. The super Mariel as some have -- him on Wall Street men and at what is in the offing. Inspect investors also -- you're not expecting ECB will lower interest rates. Drug he will face the press following the announcement. The -- creeping up against the dollar this morning in anticipation of the news that currency has fallen about 15%. In the past year. US stock futures are pointing to a slightly higher open on Wall Street today. The marketed to date down after the Fed's decision to state put on monetary policy disappointed investors. One more factor that set markets and it hit on Wednesday. A technical breakdown at night capital heavy computer based training cost of Russian waters for dozens of stocks. The exact magnitude of the year is unknown but Knight capital stock plunged nearly 33%. Wednesday to six dollars and nine cents. That's in nine year closing low for the stock. It's recovering slightly this morning. And the takeaway one more blow to investor confidence following flash crass 2010 and the -- FaceBook IPO fiasco. More bad news for the unemployed and of the job Friday's jobs report. A Reuters poll suggests initial jobless claims last week rose 370000. From 353000. We'll know the story at 830 when weekly claims are released. US factory orders out at 10 AM eastern also expected to show signs of the global slowdown wing and US manufacturers. That number -- dropped 2.5. Percent. AIG rising from the ashes that spelled out insurer says it's looking to buy back large chunk of the chairs the US government. Which owns 61% of the company. The Wall Street Journal reporting live -- maybe company I want more public offerings and -- stop by the US treasury. AIG comes out with earnings today after the well. Now for some stocks to watch as -- -- and Time Warner Cable. -- -- it off with a number and reprise. Do you get any higher than expected earnings. And shares are up and Tokyo Stock Exchange today despite the company slashing its forecast for twelve and thirteen. Sony also lowering its sales expectations for products and -- -- after Q1 operating profit. Tumbled 77%. On the year. -- are also announcing job cuts for the first time in sixty years. Keep an eye on shares of Clorox Kraft and Kellogg as they report earnings the day. That your morning all this there you can on Twitter at Reuters Insider and we generally -- Dot com slash B I'm Lisa Bernhard this is Reuters.