With detail on any further rescue elusive, focus turns to the European Central Bank policy meeting and in particular to President Christine Lagarde’s post-meeting news conference.
Minutes from the December meeting showed policymakers resolved to push back on aggressive market pricing for rate cuts, and she is likely to be pressed on their timing.
Markets expect a cut as soon as April, but have been dialling back pricing over the past few weeks.
The euro was flatlining into the meeting at $1.0879. Luxury retailer LVMH is due to report earnings with the stock well off last year’s highs, but on the heels of rival Richemont notching bumper sales in China.
In the U.S. Netflix surged 11% on blowout subscriber growth. After-hours IBM shares went up more than 8% after the software company forecast estimate-beating earnings, while Tesla slid 6% after missing forecasts.
U.S. GDP and a slew of corporate earnings reports are also due on Thursday including Intel and Visa.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/EEZ6AR2P4VLC5LTECDJ5YV6KO4.jpg "China markets exhale after bank reserves cut 38")
