US Stock Futures Mixed Ahead Of Fed Decision

US stock futures traded mixed in early pre-market trade. Private-sector employers added 220,000 jobs in April, according to Automatic Data Processing. However, economists were estimating an addition of 210,000 private-sector jobs in the month. US GDP growth slowed to an annual pace of 0.1% in the first quarter. The Chicago PMI for April will be released at 9:45 a.m. ET. The FOMC will announce its policy decision at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average gained 3 points to 16,470.00, while the Standard & Poor's 500 index futures fell 0.60 points to 1,871.20. Futures for the Nasdaq 100 index declined 8.25 points to 3,555.50.

European markets were mostly lower today, with the Spanish Ibex Index falling 0.12%, London's FTSE 100 index gaining 0.19% and STOXX Europe 600 Index dropping 0.15%. German DAX 30 index rose 0.24% and French CAC 40 Index declined 0.50%. Euro-zone inflation rose to 0.7% in April. Italy's jobless rate dropped to 12.7% in March, from 13.0% in February. France's producer price index declined 0.4% in March versus February. German retail sales declined by 0.7% on the month in March. UK's consumer confidence index climbed to a reading of minus 3 in April. Asian markets ended mixed today. Japan's Nikkei Stock Average gained 0.11%, Hong Kong's Hang Seng Index declined 1.42%, China's Shanghai Composite rose 0.30% and India's BSE Index dropped 0.22%. Japan's industrial production climbed 0.3% on the month in March.

Analysts at Deutsche Bank upgraded Texas Capital Bancshares

from “hold” to “buy.” The target price for Texas Capital Bancshares has been raised from $62 to $63. Texas Capital Bancshares' shares closed at $55.23 yesterday.