European Stocks Index Futures rose at the open today

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European Stocks Index Futures rose at the open today. This gain is due to the optimism about the outcome of a two-day Federal Reserve meeting. Expectations are that the Fed will keep its bond buying programme at the current level.

At 8:30am, FTSE futures were up 28 points: trading around 6804 and the German DAX was 25 points up at 9043. The biggest gainer on the FTSE was Next, who posted better than expected quarterly sales results.

Barclays also reported that net profit in the third quarter was £511m pounds swinging from a £183m loss in the third quarter of 2012.

In terms of economic data, we have several important figures to look out for today; including the preliminary non-farm employment change from the US at 12:15PM and the US CPI 15 minutes later. The FOMC meeting minutes are expected at 6pm UK Time.

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