Wake Up Wall Street: Trump Agrees Not to Scrap NAFTA

This is what you need to know before the opening bell:

1. Donald Trump has backed down from his plans to scrap NAFTA. The U.S. President said he now wants to renegotiate the trade deal, rather than withdraw from it

2. Investors maintain a cautious stance ahead of the European Central Bank's regular policy meeting. The meeting comes amid improving economic data and the EU-friendly conclusion of the first round of presidential elections in France

3. Deutsche Bank (DB) - Get Report  posted slightly better-than-expected first quarter profits, although revenues slipped, as the Germany's biggest lender attempts to put its litigation and capital raising risks behind it

4. Key earnings are expected from Comcast Corp. (CMCSA) - Get Report , Dow Chemical Co. (DOW) - Get Report , Ford Motor Co. (F) - Get Report  and United Parcel Service (UPS) - Get Report

READ MORE: Things You Must Know Before the Market Opens Thursday

This article was written by a staff member of TheStreet.