- Stocks are set for a sharply higher start, following surging European markets as ECB executive member Benoit Coeure said purchases of asset-backed securities are set to begin within days; Dow +1%, S&P +1.2%, Nasdaq +1.5%.
- The major European bourses are sharply higher, while markets ended mixed across Asia.
- GE (+3.2%) and Honeywell (+3.2%) should support the industrial sector after both reported better than expected results; Google +0.4% despite disappointing results.
- WTI crude +0.5% at $83.11, looking to register its second consecutive advance.
- Treasurys hold losses, with the 10-year yield up 2 bps at 2.18%.
- Still ahead: consumer sentiment