Posts tagged "President Mario Draghi"

US stock futures head higher with most awaiting concrete action in Europe from central bank

U.S. stock futures are rising with investors awaiting action from Europe’s central bank to address the debt crisis there.

U.S. corporations with exposure to Europe have been pounded by the souring economy, including General Motors, which said Thursday that it lost $361 million before taxes in Europe, compared with a $102 million profit a year earlier.

Dow Jones industrial futures are up 42 points to 12,965 and the broader S&P futures added 4.6 points to hit 1,375. Nasdaq futures are up 8.75 points at 2,633.75.

The European Central Bank on Thursday left its main interest rate unchanged, but there is much more interest in what bank President Mario Draghi will say during a news conference at 8:30 a.m. Eastern time. Markets are looking for a big bond buying initiative.