Market preview: S&P benchmark futures -0.8% and paring losses after ECB chief Trichet...

|By:, SA News Editor
Market preview: S&P benchmark futures -0.8% and paring losses after ECB chief Trichet announces a special 6 month liquidity operation. Kraft is +5.5% after it says it will split into two and its Q2 earnings beat forecasts. However, Lloyds (-10%) and Rio Tinto (-6.3%) are taking hits following their results. The yen is sharply lower after Japan intervenes in the markets.