European Markets Are Up, US Futures Are Down

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.