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European Markets Are Up, US Futures Are Down

Mike BirdOct 30, 2014, 14:35 IST

European markets are up early Thursday, with little negative reaction after the US Federal Reserve announced the end quantitative easing, the Fed's program of buying up a ton of assets to stimulate the economy more than a central bank could normally do through interest rate policy.

Here's the scorecard so far:

France's CAC 40 is up 0.71% Spain's IBEX is up 0.04% Italy's FTSE MIB is up 0.36% Britain's FTSE 100 is the only falling index, down 0.15% Germany's DAX is up 0.40% Asian markets closed mixed. The Nikkei closed up 0.69%. The Hang Seng closed down 0.49%. US futures are down, with the Dow down 31.44 points and the S&P futures down 2.75 points.

There's a bundle of economic confidence data out from the eurozone at 6 a.m. ET, which should give an indicator of how recent slowdown headlines are affecting consumers and businesses.

From the US, at 8:30 a.m. ET there's Q3 GDP. Economists are expecting a 3% annualized increase. At the same time, there are initial jobless claims. Analysts expect another print below 300,000.