NEW YORK (TheStreet) -- The European Central Bank left rates unchanged at its monthly meeting Thursday, though further monetary easing measures are expected to be announced by ECB President Mario Draghi later in the morning. S&P 500 futures were up 0.23%, Dow Jones Industrial Average futures climbed 0.25%, and Nasdaq futures added 0.11%. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The ECB's executive board has decided on a proposal for bond purchases of 50 billion euros ($58.2 billion) a month for at least a year, with a total of 1.1 trillion euros ($1.3 trillion) currently earmarked, according to multiple reports. The proposal will be the foundation of discussions when the ECB meets on Thursday. Economists had previously expected the ECB to announce a stimulus plan of 500 billion euros. Meanwhile, China's central bank announced its own form of monetary easing overnight as it pledged $8 billion in capital to infuse into its financial market. Earlier this week, the world's second-largest economy reported its slowest annual GDP growth in 24 years. eBay shares were climbing in premarket trading after announcing it will cut 2,400 jobs, or around 7% of its work force. The online auction site also reported fourth-quarter profits slightly higher than expected. Shares were up 3.3%. SanDisk was lower after guiding for below-consensus revenue in its first quarter. Fourth-quarter profit did manage to beat estimates with quarterly sales up 0.6%. Shares dropped nearly 7%. American Express beat expectations in its fourth quarter, though announced it will cut more than 4,000 jobs this year in line with its restructuring efforts. The credit card company's shares fell 1.5% in premarket trading. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. --Written by Keris Alison Lahiff in New York.
Click to view a price quote on ^DJI.
from Latest TSC Headlines http://ift.tt/1uxI9D9
No comments:
Post a Comment