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COMMENTSStart the Discussion
U.S. stock index futures
signaled a flat to higher open on Friday after the president of the
European Central Bank (ECB), Mario Draghi, detailed plans of a
larger-than-expected bond-buying program on Thursday.
In an effort to bolster the euro zone economy, Draghi said the central bank would make monthly bond purchases of as much as $70 billion, starting in March and running to September 2016. The stimulus package was well-received by global markets, with European stocks rallying on Friday.
In an effort to bolster the euro zone economy, Draghi said the central bank would make monthly bond purchases of as much as $70 billion, starting in March and running to September 2016. The stimulus package was well-received by global markets, with European stocks rallying on Friday.
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A trader works on the floor of the New York Stock Exchange.
The euro also weakened to an 11-year low against the dollar, and euro area sovereign bond prices ticked up.
Back in the U.S., major fourth-quarter earnings on Friday include McDonald's, General Electric, Bank of NY Mellon, Kimberley-Clark, Honeywell and State-Street. Other companies set to report include Kansas City Southern, Rockwell Collins, Synchrony Financial and Prosperity Bancshares.
The day also brings several key data releases. Existing home sales at 10:00 a.m. ET are expected to push back just above 5 million, having dipped below this level for the first time in six months in November. The Conference Board's Leading Index for December is also due at 10:00 a.m. ET.
The Chicago Fed's national activity index, due at 08:30 a.m. ET, is expected to ease back from the eight-year high reached in November.
Follow our live Davos Blog by clicking here
In other news, Saudi Arabia's King Abdullah died early on Friday and his brother Salman has been named king. Investors will be keeping a close eye on the oil-exporting nation and what the succession means for crest-fallen commodity.
Heads of state and government join global business leaders for the third day of the World Economic Forum in the Swiss mountain resort of Davos. George Soros, U.K. Finance Minister George Osborne and German Finance Minister Wolfgang Schäuble are due to take part in a CNBC discussion on the future of Europe at 7 a.m. ET.
Back in the U.S., major fourth-quarter earnings on Friday include McDonald's, General Electric, Bank of NY Mellon, Kimberley-Clark, Honeywell and State-Street. Other companies set to report include Kansas City Southern, Rockwell Collins, Synchrony Financial and Prosperity Bancshares.
The day also brings several key data releases. Existing home sales at 10:00 a.m. ET are expected to push back just above 5 million, having dipped below this level for the first time in six months in November. The Conference Board's Leading Index for December is also due at 10:00 a.m. ET.
The Chicago Fed's national activity index, due at 08:30 a.m. ET, is expected to ease back from the eight-year high reached in November.
Follow our live Davos Blog by clicking here
In other news, Saudi Arabia's King Abdullah died early on Friday and his brother Salman has been named king. Investors will be keeping a close eye on the oil-exporting nation and what the succession means for crest-fallen commodity.
Heads of state and government join global business leaders for the third day of the World Economic Forum in the Swiss mountain resort of Davos. George Soros, U.K. Finance Minister George Osborne and German Finance Minister Wolfgang Schäuble are due to take part in a CNBC discussion on the future of Europe at 7 a.m. ET.
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