NewsWare’s Trade Talk: Thursday, March 16

S&P Futures are trading lower this morning even though the Swiss National Bank is providing a 53B loan to Credit Suisse. The market is awaiting an ECB announcement on interest rates this morning. There are a host of economic reports due out this morning, but the banking sector remains the key focus of the markets today. Oil is slightly higher and European markets are displaying good gains ahead of the ECB announcement.