NEW YORK, Jan 21 (Reuters): US stock index futures edged lower on
Wednesday as IBM fell after the company gave a tepid outlook, though
other high-profile names like Netflix and UnitedHealth rose on their
results.
Investors were also looking ahead to an upcoming
European Central Bank (ECB) meeting, at which new stimulative measures
may be announced.
The ECB is expected to announce a bond buying
program on Thursday to boost the region's flagging economy. Market
participants have been looking for more aggressive measures of late to
combat the risk of deflation that has grown alongside a drop in oil
prices. If the ECB doesn't announce a new program, or announces a
smaller one than investors are looking for, that could exacerbate market
volatility.
Crude oil rose 0.7 per cent to $46.79 per barrel,
partially rebounding off a drop of nearly 5 per cent on Tuesday, though
it remains near multi-year lows. ExxonMobil Corp rose 0.7 per cent to
$91.71 before the bell.
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