The FTSE 100 is leading European gains, up 0.6% following Scotland's decision not to secede from the U.K. The pound, though, has given up its overnight knee-jerk gain, and is now marginally lower on the session.
Major U.S. stock index futures are higher by about 0.3%.
The Nikkei led Asian gains, advancing 1.6%.
The10-year Treasury yield is up one basis point at 2.63% and gold is down $4 per ounce to $1,223.
Markets make opinions and gains in stock index futures along with most global markets has the financial press saying the key takeaway from yesterday's FOMC was a pledge to continue on with ZIRP. All the major index futures are up by 0.4%.
The FOMC statement is due at 2 ET today, along with the updated economic forecast and the "dots" showing where committee members believe the Fed Funds rate will be over the coming years. Will or won't the zero rates for a "considerable time" be removed from the policy statement? Janet Yellen's press conference begins at 2:30 ET.
Europe and Asia are mostly higher following the sizable rally in the States yesterday afternoon, though the Nikkei closed marginally lower.
The 10-year Treasury yield is down two basis points to 2.57% and gold is flat at $1,238 per ounce.
The last week has seen a number of shops moving forward their forecasts for the timing of Fed rate hikes, and suggesting the FOMC will set the stage for tighter policy by removing the rates at zero for a "considerable time" language from its policy statement tomorrow.
Not so fast, says the WSJ's Jon Hilsenrath in a video chat. The "considerable time" pledge will, in fact, remain.
The news is enough the send a previously flatlining S&P 500 (NYSEARCA:SPY) to a 0.65% gain. The Nasdaq 100 (QQQ +0.5%) and DJIA (DIA +0.5%) rise alongside.
The August retail sales report at 8:30 ET is expected to show a gain of 0.6% after a flat July, and the September preliminary read on Michigan consumer sentiment is forecast to gain slightly from last month.
Europe's marginally higher in midday trade and Shanghai's 0.9% gain was the big mover in Asia overnight.
The 10-year Treasury yield continues its post-Labor Day march higher, up another two basis points to 2.57%, and gold continues its slide - now under $1,240 per ounce.
"Economic growth and earnings trends continue to improve, supporting a relatively optimistic outlook for stocks over a longer term," says Wells Fargo senior analyst Gina Martin Adams, setting a 12-month S&P 500 (NYSEARCA:SPY) price target of 2,100. Her year-end price target remains at 1,850 (vs. the current index level of 1,994). The average year-end forecast of 15 Street strategists is 2,010.
Still, Adams offers plenty of caveats to her bullish outlook, noting central bank ease worldwide has "created distortion in financial asset prices," and she continues to urge investors to be on guard for more challenging markets this fall.
Earlier, this week, Deutsche's David Bianco lifted his year-end target to 2,050 from 1,850, and last month Stifel's Barry Bannister boosted his estimate to 2,300 from 1,850.
Will Apple introduce a completely new device for the first time in several years? The company's product event starts at 1 ET. Major stock index futures are roughly flat, though Apple is ahead by 0.75% premarket.
Europe's modestly lower and Asia was little-changed overnight.
The 10-year U.S. Treasury yield continues its post-Labor Day rise, up four basis points to 2.51%, and gold is ahead by $3 per ounce to $1,257.
Stocks are set for a slightly lower open, with futures down by 0.2%.
Europe's off by 0.5% and Asia sported moderate gains overnight.
Goldman Sachs - which turned somewhat bearish mid-summer - throws in the towel on that call, and upgrades equities to overweight over the next three months. The team notes the ECB's rate cut and asset purchase program last week as lowering the risk from an imminent rise in bond yields.
The 10-year Treasury yield is down two basis points to 2.44% and gold is flat at $1,266 per ounce.
The slide begun yesterday afternoon continues, with S&P 500 and DJIA futures down 0.4% and Nasdaq 100 futures lower by 0.3%. The nonfarm payrolls report is due at 8:30 ET, and it's expected to show 225K jobs were added in August.
Europe's moderately lower, as was Asia overnight.
The 10-year Treasury yield - after a big run lower - has been on the move higher this week, but is flat on the session at 2.45% ahead of the jobs number.
While the Ukraine president's office says Porshenko and Putin agreed to a cease-fire in eastern Ukraine, a Kremlin spokesman says the two only discussed steps to facilitate a cease-fire. "Russia can't negotiate a cease-fire because it isn't a party to the conflict" ... and so it goes.
Major U.S. stock index futures are all ahead about 0.45%, and Europe's Stoxx 50 (NYSEARCA:FEZ) is up 1.3%. The Hang Seng's 2.3% gain led Asia higher overnight.
The 10-year Treasury yield is up three basis points to 2.45% and gold is up $3 per ounce to $1,268.
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