Stocks set to open a bit higher, following overseas markets

|By:, SA News Editor

Stock futures suggest a slightly higher open as trading takes a breather following four days of gains; S&P and Dow +0.2%, Nasdaq +0.3%.

European markets are broadly higher as the Bank of England's upbeat outlook for the U.K. economy this year helps boost sentiment; better than expected export data out of China supported Asian markets.

After yesterday's close, the House passed a clean debt ceiling bill that will fund the government through March 2015.

St. Louis Fed's James Bullard gives an upbeat outlook on the U.S. economy, seeing 4% growth in 2014 and saying the declining unemployment rate signals real job gains.

Treasury yields tick slightly higher; the benchmark 10-year yield is up 2 bps at 2.739%.

Still ahead: EIA petroleum inventories.