European stock futures go up, ECB policy meeting looms large

11.03.2021 - Davydova Maria
European stock futures go up, ECB policy meeting looms large

European stock markets were upbeat opening Thursday trade as it got a huge lift from the U.S. Congress’ approval of Biden’s coronavirus relief package.

Germany’s DAX futures contract was up 0.1%, France’s CAC 40 futures added 0.3%, and U.K.’s FTSE 100 futures contract improved 0.4%.

The euro zone’s shift will turn to the upcoming policy meeting of the European Central Bank, as it is expected to announce its policy decision at 7:45 AM ET.

In corporate news, Finland-based Nokia turns head following its secured deal with Samsung to license patents covering its innovations in video standards.

In Wall Street, the Dow Jones Industrial Average benchmark posted a record close, after Congress approved the U.S. coronavirus relief package, one of the largest economic stimulus measures in U.S. history.

Joe Biden’s proposed $1.9 trillion stimulus package is anticipated to provide the U.S. economy a huge bolster during the last two quarters of the year.

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