Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."Technologyread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
The European Central Bank (ECB) left its benchmark interest rate unchanged Thursday and said that its stands poised to increase its asset purchase program if needed, quashing any remaining expectations that it would signal a stimulus wind-down.
President Mario Draghi said low inflation rates meant that a "substantial degree" of monetary policy remains necessary until the end of the year at least. But he added that the central bank would decide in the fall - at its October meeting - on the status of its bond-buying program for next year.
"The Governing Council confirms that the net asset purchases, at the current monthly pace of 60 billion euro, are intended to run until the end of December 2017, or beyond, if necessary," Draghi told a press conference.
"This autumn, we will decide on the calibration of our policy instruments beyond the end of the year," Draghi noted. Investors will now eagerly be looking to the ECB's October rate meeting.
The central bank held interest rates steady at 0.0 percent and said that it expects them to remain at present levels for an extended period, "well beyond our asset purchase program."
Investors have been closely watching to see when the ECB will reign in its quantitative easing (QE), but Draghi's deferral was largely anticipated as the economist continues to face pressure from a strong euro.
The single currency rose further on Draghi's comments and revised growth forecasts from the central bank. The ECB said Thursday it expects the euro zone to grow 2.2 percent in 2017, up from a previous forecast of 1.9 percent.
This continued rally in the euro caused the central bank to it cut its inflation forecasts for next year from 1.3 percent to 1.2 percent. This remains well below the central bank's target of below but close to 2 percent.
The euro has appreciated by around 2.4 percent against the greenback since the last meeting of the bank and concerns are growing that the strong euro might dampen the region's recovery and weaken inflation prospects. Since the start of the year, the euro has risen 13 percent, buoyed in part by a weakening dollar.
The higher the euro, the more expensive products and services get for non-euro customers, which might affect exports from the currency union. At the same time it dampens inflation as imported goods get cheaper. Some see Draghi's ambiguity as being an intentional effort to quell investors and end the euro's rally.
- CNBC's Annette Weisbach contributed to this report.
Follow CNBC International on and Facebook.