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Thursday, December 3, 2015

U.S. futures turn lower after ECB -12/3/15

U.S. futures turn lower after ECB

The ECB earlier cut its deposit rate to 0.3%, and Mario Draghi later announced an extension in the time period for QE to March 2017. Markets had been hoping for an actual expansion in the amount of bond-buying each month, but got just the extension instead.

Stocks in Europe are tanking, with the Stoxx 50 - in the green ahead of the ECB - now lower by 2.8%.
Also in the green earlier this morning, U.S. stock index futures are now down about 0.25%.
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