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JPMorgan Chase & Co and Wells Fargo & Co were boosted by at least 1.2 per cent rises, reports Bloomberg, while Dow Jones Industrial Average futures gained 73 points, or 0.6 per cent, leaving them at 11,811.
Henk Potts, an equity strategist at Barclays Wealth in London, told Bloomberg the market was waiting to see if the ECB would "step up to the plate".
"We have seen varying degrees of buying from the ECB which has probably tempered bond yields a little, but it's not enough to completely calm market nerves," he said.
ECB chief Mario Draghi expressed exasperation today at the lengthy process eurozone governments are going through to deal with the financial crisis, asking how long it would take to implement their decisions.
Posted by Greg Secker
