Stocks Rebound From Steep Selloff

Stock futures are rebounding this morning after their biggest drop in more than a month yesterday.

S&P 500 futures climbed about 0.4 percent, following gains of more than 0.5 percent in France and Germany. Asian indexes were mixed overnight, though Japan’s Nikkei rallied more than 2 percent after committing to unprecedented money printing.

The Bank of Japan essentially declared war on the yen, pledging to buy $530 billion of government bonds a year in an attempt to push inflation to 2 percent. That has the currency down more than 2 percent against the dollar, euro, and British pound.

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