Market futures are up ahead of homebuilder confidence with Nasdaq futures up 1.62%, or 181 points, followed by S&P and Dow futures up 1.37% and 1.12%, respectively. Homebuilder confidence is out at 10:00 AM and is expected to fall to 44 from 46 in September. This would be the 10th straight month of declines.
- Yields on the 10-year note are hovering slightly above 4.0% and oil prices are down to $85 a barrel.
Asia closed mostly up with the Hang Seng Index ending the trading day up 1.82% while The Nikkei closed up 1.42%. Shaghai was the outlier with a slightly negative day down only 0.13%.
- In Europe, markets are green halfway through the trading day with the DAX up over 1.0% and the FTSE up 0.82%.