European stocks are all climbing Friday morning after a big boost in Asia following Japan’s unexpected decision to extend its quantitative easing stimulus program.
Here’s the scorecard:
France’s CAC 40 is up 2.02%
Spain’s IBEX is up 1.74%
Italy’s FTSE MIB is up 1.78%
Britain’s FTSE 100 is up 1.15%
Germany’s DAX is up 1.60%
Asian markets saw a massive rally. The Nikkei closed up 4.83%. The Hang Seng closed up 1.25%.
US futures are climbing, too: The S&P is up 16.75 points, and the Dow is up 149 points.
On Friday morning, we’ve already had some terrible retail sales figures for Germany: with a 3.2% drop in September, they are the worst since 2007.
European inflation data just released showed a small rise, up to 0.4% in October. That’s one month of room to breathe for the European Central Bank, a small step away from deflation.
At 8:30 a.m. ET from the US, personal spending data is out. Analysts are expecting a 0.3% boost to personal income and a 0.1% boost to spending for September.
This post was updated at 6:30 a.m. ET.