Stocks set to open a bit higher, following overseas markets

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.

Comments (2)
  • Jake2992
    , contributor
    Comments (1138) | Send Message
    The economy always does better with a Democratic President.
    12 Feb 2014, 09:48 AM Reply Like
  • snoopy44
    , contributor
    Comments (1492) | Send Message
    Bullard is way off base. The declining U-2 rate is signaling one thing and that is NOT an improving labor market. It is showing that people continue to drop out of the search for work. Labor force participation rate at a 40 year low. And he thinks that is an improving job market. Not hardly.
    12 Feb 2014, 10:21 AM Reply Like
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