November 06, 2013- Stocks Looking to Rise on Economic Optimism

Early indications suggest that Wall Street stocks may start firmly in positive territory, as economic confidence improves. The major U.S. index futures are pointing to a higher opening on Wednesday after yesterday's volatile performance. Earlier in the global trading day, Asian stocks went about a nervous ride, while the European markets are advancing solidly. With very little economic data and earnings news to direct market performance, some indecision may creep in going into the session ahead of some key data releases over the next couple of sessions. The Dow futures are adding 81 points, the S&P 500 futures are moving up 10.20 points and the Nasdaq 100 futures are rising 14.75 points. U.S. stocks closed on a mixed note on Tuesday, as the negative sentiment generated by the uncertainty was offset to some extent by a positive non-manufacturing data. On the economic front, the Treasury is set to make announcements concerning the auction of 2-year and 10-year notes and 30-year bonds at 9 am ET. The Conference Board is due to release its leading economic indicators index for September at 10 am ET. Economists expect a 0.7 percent month-over-month increase in the index, the same pace of increase as in the previous month.