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Facebook, Federal Reserve, MoneyGram, E-Cigarettes - 5 Things You Must Know

Joseph Woelfel

U.S. stock futures were rising on Tuesday and European stocks turned higher as investors reacted to comments from European Central Bank President Mario Draghi that suggested further monetary easing just hours ahead of the start of the Federal Reserve's two-day policy meeting. Draghi laid the foundation for a potential re-opening of the ECB's controversial quantitative easing program, telling a conference in Portugal on Tuesday that the bank has room to buy more bonds in order to stoke inflation in the currency area. As for the Fed, traders are pricing in only a 20% chance of a rate cut from Chairman Jerome Powell and the Federal Open Markets Committee, with the balance of bets on a move in July that would take the key target rate to a range of 2% to 2.25%.