*ECB's Draghi Begins Press Conference In Frankfurt

*Canadian Average Weekly Employee Earnings Jump 1.1% In May

*U.S. Goods Trade Deficit Narrows To $74.2 Billion In June

*U.S. Durable Goods Orders Spike 2.0% In June, Ex-Trans. Orders Jump 1.2%

*U.S. Initial Jobless Claims Dip To 206,000 In Week Ended 7/20