U.S. stock are poised to open higher after a successful bond auction in Italy boosted investor confidence.
The Dow Jones Industrial Average and S&P 500 are up about 0.2 percent, while the Nasdaq is up 0.3 percent. That follows similar gains in Europe, where France's CAC-40 and the U.K. FTSE 100 are leading markets higher. Germany's DAX is up 0.11 percent.
Italy sold almost $12 billion of short-term Treasury bills, allowing it to pay 3.25 percent. That's just half the rate it received on the same six-month paper in late November. Spanish yields also declined.
Asian bourses closed mostly lower overnight, led by India as investors worry about the potential of poor asset quality at the country's banks.
Trading in the currency markets is muted, with the euro essentially unchanged against the U.S. dollar. There is a slight "risk on" bias in some of the currency pairs, with the Australian and Canadian currencies up against the greenback. The euro is weaker against the Swiss, however, so that theme is limited.
Commodities are edging lower, with oil and gold down slightly. Copper is up almost 1 percent, and agricultural commodities are mixed but higher overall.
Pre-market trading in individual companies is extremely light, with no major stocks making significant moves. Economic reports tomorrow include Jobless Claims and Pending Home Sales.
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