The European Central Bank is expected to cut interest rates by a quarter-point at Thursday's meeting, but the central bank under real pressure is the Swiss National Bank. Investors fleeing the U.S.

S&P 500 futures are falling 1.2%. Dow Jones Industrial Average futures are down 0.6%. Nasdaq 100 futures are diving 1.9%. On Tuesday, the Dow Jones Industrial Average fell 156 points, or 0.38%, to 40, ...