ECB President Mario Draghi kept interest rates unchanged at near-zero historic lows. Investors initially appeared calmed by Draghi's words as Spain and Italy worries re-emerge. Former Italian Prime Minister Silvio Berlusconi is looking to reclaim his post as the country's leader, which could frighten markets that are concerned what his re-emergence would mean for Italy's relationship with the ECB.
Spain also found itself in a precarious position as the opposition Socialist Party earlier this week called on its prime minister to step down on corruption allegations.
Gold futures for April delivery were looking to open lower by 90 cents to $1,677.90 an ounce at the Comex division of the New York Mercantile Exchange, while futures for March crude oil contracts were looking higher by 26 cents to $96.88 a barrel.
The benchmark 10-year Treasury was falling 2/32, boosting the yield to 1.970%. The dollar was rising 0.24%, according to the
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