U.S. Stock Futures Decline as ECB Cuts Growth Forecasts

U.S. stock futures fell as the European Central Bank cut its growth forecasts, citing “downside risks.”

Standard & Poor’s 500 Index futures fell 0.2 percent to 1,405.7 at 8:49 a.m. New York time.

“Weak economic activity is expected to continue into next year,” ECB President Mario Draghi said in Frankfurt today. He said “a gradual recovery” should start later in 2013.

To contact the editor responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.