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US Futures Have Pared Gains After Report of an Explosion in NYC

US futures have pared gains after report of an explosion in NYC.  A device explosion near a Times Square subway station left the purported suspect injured with no other reported injuries.  This week will be a big week for monetary policy with several central banks expected to make announcements.  On Wednesday, the Federal Reserve is expected to raise the federal funds rate for the third time this year by 25 basis points to a range of 1.25 to 1.5%.  Thursday will see key monetary policy updates from the European Central Bank, the Bank of England and the Swiss National Bank.  In economic data, October’s JOLTS report will be released at 10am.  The market is expecting job openings to increase to 6.1M openings in October.  Much anticipated Bitcoin futures began trading on Sunday on the CBOE, already triggering 2 trading halts due to 20+% surge in the first 24 hours of trading.  European shares are mixed with banks and materials stock leading to the upside.  Asian shares closed higher with casino stocks and banks leading the way higher.

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