US stock index futures rally as ECB stimulus gets a second look

A second look at ECB’s stimulus package is telling investors the bank did push the dovish button hard enough, consequently, stock markets across Europe and the index futures in the US ticked higher.

At the time of writing, Dow futures were up 142 points or 0.85%. S&P 500 futures were up 18 points or 0.90% as well. Nasdaq futures were up 1.15% as well. Meanwhile, in Europe, the Stoxx 50 futures were up 3%.

Euro fell, while the credit markets in Europe extended rally for the third day. The Stoxx 600 index closed on a weaker note on Thursday, even as the ECB cut its key interest rates and expanded its bond-buying program.