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Stock futures are positive as the ECB announces new funding to support European banks



US. Stock index futures erased earlier losses on Thursday after the European Central Bank announced a new round of stimulus to help local banks with their lending activities.

European banks will have a low interest rate, making it easier for them to lend to consumers, which in turn leads to Boosting the economy. This is the ECB's third stimulus injection since 2014.

Wall Street ended the session lower on Wednesday, recording its third consecutive decline. Investors are looking forward to details from the trade negotiations between the US and China.

Data released Wednesday show that the US trade deficit remains a problem. President Donald Trump has imposed a series of tariffs on countries such as China to lower his country's trade deficit. However, Wednesday's data showed that the US trade deficit reached a ten-year high in December.

As trade talks progress between the world's largest economies, Huawei's tensions are renewed. The Chinese law firm filed a lawsuit against the US government, claiming that the law banning the sale of equipment to government agencies was unconstitutional.


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