European Markets Are Mixed Ahead Of The Massive ECB Announcement

Jens Weidmann euroREUTERS/Ralph OrlowskiECB board member Jens Weidmann poses with a large euro.

European stocks are mixed early Thursday, ahead of the European Central Bank’s momentous announcement, with a major new stimulus effort looking very likely.

France’s CAC 40: -0.37%

Germany’s DAX: -0.29%

UK’s FTSE 100: +0.07%

Spain’s IBEX: +0.61%

Italy’s FTSE MIB: +0.63%

Asian markets closed up too. Japan’s Nikkei ended 0.28% higher, and Hong Kong’s Hang Seng rose 0.70%. China’s Shanghai Compsite ended up 0.59%. Amazingly, Shanghai stocks have now claimed back almost all of Monday’s crash, which was the worst day for the index since 2008.

US futures are climbing too. The S&P 500 is currently 6.5 points higher and the Dow is up 53 points.

All eyes are on the ECB today: Any major positive or negative surprises from Mario Draghi are likely to provoke significant market reactions. At 12:45 p.m GMT (7:45 a.m ET) the ECB makes its announcement, and there’s a press conference 45 minutes later.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.