Stocks Higher on Strength Overseas

Stocks are climbing again on bullish sentiment in Japan and Germany, although commodities are sounding a more cautious tone.

S&P 500 futures are up almost two-tenths of a percent, while European markets are up by almost a full percentage point. But the real move occurred in Tokyo, where the Nikkei index surged almost 3 percent.

The rally in Japan follows a technical collapse of the yen through the key 101 technical level against the United States dollar. Headlines were also positive in Europe as German exports rose more than expected and Luxembourg-based steel giant ArcelorMittal reported better-than-expected quarterly results.

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