European shares and U.S. stock futures turn noticeably higher as the ECB's Benoit Coeure makes...


European shares and U.S. stock futures turn noticeably higher as the ECB's Benoit Coeure makes it clear the bank is close to announcing a bond purchase program. As expected, the purchases will be at the short-end of the curve and be made in conjunction with a bailout request. Stoxx 50 +1.4%, S&P futures +0.6%. The euro jumps to its highest level since July 4 at $1.2585.

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