Here Is How the European Central Bank May Respond to the Italian Referendum

Investors await commentary from the European Central Bank's December policy meeting Thursday, especially amid the results of Italy's referendum, in which citizens firmly rejected proposed constitutional reforms. Michael Ingram, a market analyst with BGC Partners, based in London, says one reason the markets are having a muted reaction to the referendum is because investors expect the result to increase the chances of the ECB extending its quantitative easing program. That could be announced as soon as Thursday. TheStreet's Scott Gamm reports from Wall Street.