Futures drop following economic report Stock futures declined following the release of the Import Price Index report. The Import Prices Index showed that prices rose 0.5% during the month of October, versus the consensus estimate of no change. The next economic reports are due out after the market opens. The University of Michigan Consumer Confidence reading is slated to be released at 9:55 am ET and the Wholesale Inventories report is due out at 10:00 am ET.
Bank of England maintains bank rate, size of asset purchase program The Bank of Englandís Monetary Policy Committee voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at GBP375B.