Список проголосовавших за комментарий " S&P futures vs fair value: +4.50. Nasdaq futures vs fair value: +12.90.<p>The stock market looks poised to continue yesterday's afternoon rally this morning as stocks trade higher around the globe following the latest FOMC rate decision. The S&P 500 futures trade five points, or 0.2%, above fair value.</p><p>As expected, the U.S. central bank decided to raise the fed funds target range by 25 basis points to 0.75%-1.00% on Wednesday afternoon. However, the ensuing rally in the equity market was prompted by the Fed's future outlook for interest rates, which turned out to be more dovish than some investors were anticipating. The Fed stuck to its projection for two more rate hikes this year, which is in line with the market's expectation. </p><p>Crude oil looks eager to build on yesterday's bullish momentum this morning as the commodity trades 0.9% higher at $49.27/bbl. The energy component broke a seven session losing streak yesterday after the Energy Information Administration reported an unexpected draw of 200,000 barrels (+3.7 million barrels consensus).</p><p>The Treasury market jumped notably higher on Wednesday afternoon following the FOMC decision, but it has given back a portion of those gains this morning. The benchmark 10-yr yield trades three basis points higher at 2.53%.</p><p>Today's economic data will include February Housing Starts (Briefing.com consensus 1.260 million), Initial Claims (Briefing.com consensus 242,000), and March Philadelphia Fed (Briefing.com consensus 25.0) at 8:30 ET, while January JOLTS will cross the wires at 10:00 ET.</p><p>In U.S. corporate news:</p><ul><li><strong>Oracle</strong> (ORCL 46.01, +2.96): +6.9% after reporting better than expected earnings and providing upbeat earnings guidance. Also of note, the company raised its dividend.</li><li><strong>Biogen</strong> (BIIB 285.00, -7.64): -2.6% after the company's stock was downgraded to 'Equal-Weight' from 'Overweight' at Morgan Stanley. </li><li><strong>Dollar General</strong> (DG 74.30, +1.49): +2.1% after beating earnings per share estimates.</li><li><strong>Guess?</strong> (GES 10.70, -1.53): -12.5% after missing top and bottom line estimates in addition to issuing disappointing guidance.</li></ul><p>Reviewing overnight developments:</p><ul><li>Equity indices in the Asia-Pacific region ended Thursday on a higher note. Japan's Nikkei +0.1%, Hong Kong's Hang Seng +2.1%, China's Shanghai Composite +0.8%, India's Sensex +0.6%.<ul><li>In economic data:<ul><li>Australia's February Employment Change -6,400 (expected 16,000; last 13,500) and February Unemployment Rate 5.9% (expected 5.7%; last 5.7%). February Participation Rate held at 64.6%, as expected.</li><li>New Zealand's Q4 GDP +0.4% quarter-over-quarter (expected 0.7%; last 0.8%); +2.7% year-over-year (consensus 3.1%; last 3.3%). Q4 GDP Expenditure +0.2% quarter-over-quarter (expected 0.6%; last 0.9%)</li><li>Hong Kong's February Unemployment Rate held at 3.3%, as expected</li></ul></li><li>In news:<ul><li>The Bank of Japan made no changes to its policy stance, but it did provide upbeat comments about reaching the 2.0% inflation target in the longer run.</li><li>The People's Bank of China raised its short-term repurchase rates after yesterday's fed funds rate hike from the Federal Reserve.</li></ul></li></ul></li></ul><ul><li>Major European indices trade higher across the board with Italy's MIB showing relative strength. The upbeat disposition comes ahead of the release of the latest policy statement from the Bank of England, which is not expected to upset the current state of affairs. France's CAC +0.8%, Germany's DAX +1.0%, UK's FTSE +1.0%, Italy's MIB +1.7%.<ul><li>In economic data:<ul><li>Eurozone February CPI +0.4% month-over-month, as expected (last -0.8%); +2.0% year-over-year, as expected (last 2.0%). February Core CPI +0.4% month-over-month (last -1.7%); +2.0% year-over-year, as expected (last 2.0%)</li></ul></li><li>In news:<ul><li>The Swiss National Bank maintained its key rate at -0.75%, as expected.</li><li>Dutch Prime Minister Mark Rutte's People's Party for Freedom and Democracy received the most votes, but the party will now have 33 seats in the House of Representatives, down from 41 won in the 2012 election. Geert Wilders' PVV came in second, securing 20 seats.</li><li>French BFM TV reported that one person was slightly injured in an explosion while opening an envelope at Paris offices of the International Monetary Fund. This comes after a package with explosives was found outside the German finance ministry yesterday. Greek anarchist group Conspiracy of the Cells of Fire claimed responsibility for yesterday's parcel bomb.</li></ul></li></ul></li></ul>"