Global markets surge on ECB remarks
Evan McDaniel | firstname.lastname@example.org
U.S. equity indexes and commodity markets are soaring this morning after European Central Bank President Mario Draghi pledged to do whatever it takes to preserve the euro.
S&P 500 futures have jumped 14.75 points, or 1.1 percent, to 1349.75. Nasdaq 100 contracts are up 30.50 points, or 1.21 percent, at 2574.50 as of this writing.
European indexes are higher as the euro picks up strength. The Euro STOXX 50 is surging 2.27 percent, while the German DAX is gaining 1.22 percent. Asian indexes were higher as well, with Japan's Topix up 1.2 percent and Nikkei 225 higher by 0.92 percent, while Hong Kong's Hang Seng rose 0.08 percent.
The euro/dollar is higher by 0.84 percent to 1.227. The U.S. Dollar Index plunged to 82.02, a drop of 0.74 percent.
Spot gold futures are shooting higher again today to 1620.10, up 11.70 points, or 0.73 percent. Crude oil futures are higher by 0.81 points, or 0.9 percent, to 89.78 after taking out the 90 resistance level earlier in the morning. Copper futures are up 1.17 percent to 3.414.
Among individual stocks, U.S. banks are higher with Bank of America and JP Morgan both up by about 1.7 percent.
Shares of Facebook are down 6 percent ahead of its earnings report after today's close.
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