U.S. stock index futures reversed earlier losses this morning after news reports quoted European Central Bank President Mario Draghi as saying the central bank would do “whatever it takes to preserve the euro.”
The ECB president spoke at an investment conference in London where he was scheduled to take part in a panel discussion. “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough,” Draghi said, according to Reuters.
European equities rallied in the wake of his remarks, and euro rose 0.6% versus the dollar. Oil futures rebounded from the week’s losses.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
