Wall Street Leans Forward Pre-Bell; Futures Green, Europe Up, Asia Higher

Wall Street was leaning forward pre-bell Tuesday with broad-market futures pointing above Tuesday’s closes, as the Federal Reserve begins a two-day session to determine central bank policy.

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Yields on 10-year US Treasuries were below 4% in pre-market action.

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In futures, S&P 500 Futures were up 0.86%, the Nasdaq Futures were up 1.12% and Dow Jones Industrial Average Futures were up 0.58%.

Asia traded higher overnight, led by a 5.2% surge in Hong Kong. Europe was tracking solidly in the green midday on the Continent.

Eli Lilly (LLY), Pfizer (PFE), BP (BP), Sony (SONY) and Uber Technologies (UBER) plan to report earnings pre-bell, among others.

On the economic calendar is the PMI manufacturing final for October at 9:45 am, followed by the ISM Manufacturing Index, also for October, at 10 am.

The national construction spending bulletin for September, and the Job Openings and Labor Turnover Survey for September, or the JOLTS, also post at 10 am.

In pre-market action, Bitcoin traded at $20,519.64, West Texas Intermediate crude oil traded higher at $87.62, and 10-year US Treasuries offered 3.95%. Gold traded at $1,656.20 per ounce.

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