Comments from European Central Bank President, Mario Draghi, have boosted

Comments from European Central Bank President, Mario Draghi, have boosted global market optimism this morning. The head of the ECB said the institution is ready to do “whatever it takes” to preserve the euro, which many believe will include purchasing the likes of Spanish and Italian bonds to bring down the unsustainably high borrowing costs those financial instruments currently possess. The euro has since pushed back above $1.23 and U.S. stocks have begun morning trading up 1.7%. The precious metals complex is pushing higher as well with gold up .5% and platinum up around 1%. U.S. jobless claims numbers fell 35,000 to 353,000 last week but that did little to add to the positive sentiment this morning as the overall job picture remains murky at best. Pending home sales data is set to be released at 10:00 a.m. EST today. If yesterday’s new home sales numbers(down 8.4% in June) were any indication then today’s report could dampen the mood here in the U.S.. Have a great day!