Markets Gear Up for Stimulus From European Central Bank This Week

While many investors expect the European Central Bank to push deposit rates deeper into negative territory when it meets on Thursday, the bigger unknown is whether the central bank will expand its quantitative easing program, according to one analyst. Josh Mahony, a market analyst with IG, based in London, said the ECB may consider increasing the amount of bonds it purchases on a monthly basis and may even start purchasing more corporate bonds. The ECB buy roughly 60 billion euros worth of government bonds each month. The stimulus program was initiated around this time last year in an effort to lift eurozone inflation. TheStreet's Scott Gamm reports from Wall Street.