Sep 14 - U.S. stock index futures are pointing to a higher open this morning and is set to extend gains after the Federal Reserve's launch of QE3.
Big event to rescue how have markets reacted to that bad launching QB out who's counting anymore. Here Richard TG IF boarding call stock index futures point to a higher open this morning's -- to extend yesterday's gains. Stocks and commodities around the world rallied on the Fed's plan to buy I bonds until the job market returns. The Dow soared over 200 points yesterday with -- stocks rising for every one that -- I don't jumped up over 100 dollars for the first time since may and gold rose to a six month high extending the previous session's 2% gain. The loser is the US dollar which -- -- substantially in the aftermath of the Fed's announcement and it's not looking like it'll come back. Anytime soon that we -- to connect to a weak dollar story here because of Arafat's. And because of a commitment to leave face from Texas open ended that does make this an aggressive -- but that's one problem. Of the -- -- on a story the other problem is the coolest. At the end about a ten in the unit which of course. Came at bats off to last week's set acknowledgment of a bomb my country and ECB said we go to a two pronged running here. Today -- easy being eurozone finance ministers are meeting in Cyprus to discuss the conditions there's central bank's new bond buying program. It's -- senator around Spain with financial officials -- the country on whether it -- seek financial support soon. And don't sleep on China some economists believe the people's republic may hop on this stimulus bandwagon. As economic conditions slow more and more there as well. We think the case for further stimulus measures is getting stronger and stronger in China. And we do expect further fiscal. Stimulus and monetary easing in the month that hat. Retail sales data for August due out at 8:30 AM and is expected to be generally upbeat assigned at a higher prices at the pump. Aren't yet cutting the spending. Also out at 830 Consumer Price Index the Labor Department is expected to say that inflation likely picked up in August. Rising last month after a flat reading in July. At 9:15 AM the Fed is a lot more announcements -- -- industrial production for August. Output is expected to slow is the cooling global economy weighs on American factories. Now a couple of stocks to watch this Friday Home Depot Mobil both also evident with big box stores. And cut 850 jobs in China as the retailer shifts its focus to online and specialty stores. Making it the latest retailer to pull out of China slowing economy. Bank of America's agreed to settle civil accusations from the DOJ that it discriminated against mortgage applicants on the basis of disability. Not exactly good. Western Digital the world's largest storage drive maker cut its current quarter revenue forecast is demand for hard drive slowed. That stock down slightly in the premarket. That's boarding call this Friday follow us on Twitter Reuters Insider for the latest headlines. And check out our Reuters U2 TV channel writers dot com slash writers TV. I'm Rhonda -- this -- Rutgers.