Early indications suggest that Wall Street remains upbeat about a long drawn schedule of measured pace of rate increases. The dollar is under the pump and most commodities, including oil are higher. Global equity markets also reacting to the hopes with a notable move to the upside. Asian stocks, with the exception of Japan, closed higher for the day, while the European markets are also notably higher. The Japanese market came under pressure due to the yen’s strength and weak industrial output data. The domestic markets may also stay tuned to the private payrolls data to be released by the ADP ahead of the market open.