Stocks are up this morning following Asian markets and US futures higher after bond yields retraced from three month highs. Other factors helped sentiment:
US Republicans said they would agree to a temporary lifting of the debt ceiling to avoid default and allow time to find a longer lasting solution.
The US and China have agreed that their presidents will have a virtual meeting before the end of the year.
September’s ADP report showed that more US jobs were added last month than expected.
US nonfarm payroll data is due on Friday.