Northern,WI 9/21/2012 (BasicsMedia) — 3 Things to Know Before Markets Open are as follows: Stocks were mostly better on the day in Asian trade. The Hang Seng was among the best with a gain of 0.7%, the Nikkei and Australia were both up a quarter percent and Shanghai rose a slight fraction. European indexes are generally higher on the session this morning, with the Dax up 0.8%, but the Footsie is flat. US stock futures are up a slight fraction.
*Seems like Euro area officials are scurrying about at a quicker pace toady after a short lull on this sort of diplomacy recently. Merkel and Hollande are set to give a joint press conference on Saturday; and it’s been announced that Merkel will meet with ECB boss Draghi on Tuesday. A short while ago an EU spokesperson says they are in close contact with Spain on their austerity/bailout program; but the Troika is taking a break from deliberations in Greece; however, Greek PM Samaras met earlier today in Rome today with Italian boss Monti, who also hosted the Irish PM Kenny today, and who will later today sit down with Spain PM Rajoy to talk about things.
*The Fed is scheduled to buy Treasuries today that are due to mature between 11/15/22 and 2/15/31; the results of the operation will be announced just after 10:00am CDT.
*Atlanta Fed boss Lockhart is set to speak about monetary policy and the economy at 11:40am CDT.