The ECB will probably hold rates on Thursday but indicate that downside risks have intensified, suggesting further easing is possible before year-end.
U.S. CPI data is due Friday, with consumer prices expected to rise in August for a third straight month.
These are the main moves in markets:
Stocks
Futures on the S&P 500 Index gained 0.5% at 5:42 p.m. New York time.
The Stoxx Europe 600 Index climbed 1.7%.
The MSCI Asia Pacific Index declined 0.3%.
The MSCI Emerging Market Index fell 0.5%.
Currencies
The Bloomberg Dollar Spot Index increased 0.3%.
The euro slid 0.2% to $1.1816.
The British pound dropped 0.9% to $1.3157.
The Japanese yen was little changed at 106.28 per dollar.
Bonds
The yield on 10-year Treasuries was unchanged at 0.72%.
Germany’s 10-year yield added 1.1 basis points to -0.464%.
Britain’s 10-year yield dropped 1.4 basis points to 0.246%.
Japan’s 10-year yield gained 0.5 basis points to 0.039%.
Commodities
West Texas Intermediate crude fell 1.7% to $39.08 a barrel.
Gold weakened 0.2% to $1,930.26 an ounce.
Brent crude dropped 1.6% to $41.99 a barrel.
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