The European Central Bank is considering a broad-based quantitative easing package for its next meeting in January, a source told CNBC.
Bloomberg originally reported the rumors, and stocks turned broadly higher around the same time as that report.
It is not clear, however, that this is a new revelation. ECB President Mario Draghi said Thursday morning that his staff has "stepped up technical preparations for further measures," which a source said is in line with considering QE proposals.
European stocks had originally dipped on what many interpreted as hawkishness from Draghi.
—CNBC's Steve Liesman contributed to this report