UPDATED 7:20 ET

STOCKS – European stocks advanced, with the benchmark Stoxx Europe 600 Index heading for its highest close in almost six years, after the World Bank raised its global growth forecast. U.S. stock-index futures and Asian shares rose.

BONDS – Treasuries are having their best start to a year since 2010 as investors from Jeffrey Gundlach to Goldman Sachs Group Inc. say the Federal Reserve will keep its benchmark interest rate near zero into 2016.

COMMODITIES – Gold dropped for a second day from the highest level in a month as the rally reduced demand amid speculation that the U.S. Federal Reserve will continue reducing asset purchases.

CURRENCIES – The US Dollar rose against most currencies while Australia’s dollar fell before a jobs report forecast to show unemployment remained at its highest level in four years.

ECONOMIC DATA – US PPI and Empire State Manufacturing Index due at 8:30, BOE Gov Carney Speaks at 9:25, Crude Oil Inventories at 10:30, Beige Book at 14:00, AUD Employment Change at 19:30 ET.