U.S. stocks rose Wednesday.
NEW YORK (CNNMoney)
Both are holding their first policy-making meetings of 2013, though neither is expected to move interest rates or extend quantitative easing at this point. In the United States, meanwhile, the government will release its weekly report on initial jobless claims.
U.S. stock futures were up slightly ahead of the opening bell.
In corporate news, nutritional supplement company Herbalife (HLF) is expected to respond to charges from hedge fund manager Bill Ackman that it's running a pyramid scheme. Grocery store chain Supervalu (SVU, Fortune 500) will report its quarterly results in the morning.
Wells Fargo (WFC, Fortune 500) will report Friday, making it the first major financial institution to release results for the fourth quarter.
Overall, analysts expect earnings for companies in the S&P 500 to grow 3.2% in the fourth quarter versus last year, according to S&P Capital IQ. Banks and companies in the consumer sector are expected to lead earnings growth.
Fear & Greed Index
European markets were mixed in morning trading. The FTSE100 and Germany's DAX were steady, but France's CAC 40 slipped. Asian markets ended up on the day following the positive trade data from China.
Exports were up 14% in December over last year, China's government said in a report that topped expectations. The Shanghai Composite added 0.4%, the Nikkei advanced 0.7% and the Hang Seng jumped 0.6%. 
First Published: January 10, 2013: 3:54 AM ET
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