FXStreet (Mumbai) - The US Equity markets are likely to open higher today after Bank of Japan announced a surprise expansion of its monetary stimulus earlier today, which triggered a “risk-on”rally in the stock markets across the globe.
The DJIA December futures are trading 1.12% higher at 17,304 levels, while the S&P 500 December futures are trading 1.26% at 2013.65 levels. Meanwhile, the Midcap Russell 2000 December futures are trading higher 1.88% at 1174.80 levels. Moreover, the “risk-on rally” is likely to push down the implied volatility levels in the market. Thus, S&P 500 VIX November futures are trading lower by 3.72% at 15.53 levels.