NEW YORK (TheStreet) -- U.S. stock index futures were indicating a stronger open on Wall Street Friday on speculation that some form of additional easing will be announced by the European Central Bank at its September meeting next Thursday.
Dow Jones Industrial Average
Watch the video below for more on how U.S. markets are doing in premarket trading Friday:
U.S. stocks fell Thursday as investors fretted about renewed geopolitical risks, which also fed into concerns that there have been increased signs of deflationary spiral dangers coming out of Europe.
"If the ECB does refer to quantitative easing, that means more liquidity in the world markets as well. In retrospect we benefit from that in terms of easy money," said Peter Cardillo, chief market economist at Rockwell Global Capital.
The S&P is now on track for its biggest monthly gain since February, in many ways a surprise considering the escalation of geopolitical concerns the market was focused on at the beginning of the month. "All of a sudden, those concerns were placed on the sidelines as the economic data continued to show the economy improving. It certainly turned out to be a heck of a lot better than we expected," Cardillo remarked.