S&P 500 index futures are trading down 5.2 points from yesterday’s close and JPMorgan shares are down 0.67% in pre-market trading.

The dollar continues its rally against the Euro from a Wednesday low of $1.4578. The dollar rallied sharply against the euro at the beginning of the Asian trading session. It opened at $1.4498 and closed at $1.4407, gaining 91 pips.

It continued its rally after JPMorgan announced its earnings at 7:00 am in New York, trading at 1.4372 at 8:45 am in New York.

JPMorgan reported earnings of 74 cents per share, up 6 cents from a year earlier, beating analysts’ expectations of 61 cents per share, according to data compiled by FactSet.

Inflation data released earlier today were mostly in line with analyst expectations. The Euro area reported an annual inflation rate of 0.9% for December 2009 at 5:00 a.m. New York time, and the U.S reported a monthly inflation rate of 0.1% for December 2009 at 8:30 a.m.