2010.09.2010:17:00UTC+00Wall Street Set To Open Higher, Seeking 4th Week Of Gains As Investors Await Monetary Meeting

News

• Wall Street was set to open higher on Monday, trying for a fourth week of gains as investors awaited the Federal Reserve's monetary meeting on Tuesday.
• Economists are looking for a renewed promise to keep its portfolio from shrinking but no new steps to ease monetary policy.
• Policymakers need to decide if and when to launch further large-scale asset purchases to support the sluggish recovery.
• U.S. listed shares rose 0.8 pct to $38.32 in premarket trading after the British oil major said it permanently sealed the oil well in the Gulf of Mexico.
• S&P 500 futures rose 3.4 points and were above fair value. Dow Jones industrial average futures added 41 points, and Nasdaq 100 futures gained 7 points.
• European stocks climbed 0.6 pct in early trade, rising for the first time in five sessions, led by energy and mining shares such as BP, Total SA and Rio Tinto Ltd