U.S. stock futures: Dow +0.5%. S&P +0.5%. Nasdaq -0.25% -1/28/14

European stocks rise ahead of the FOMC, Turkish central bank

• European shares are higher as investors await the start of a two-day meeting of the FOMC today.
• Attention is also on Turkey's central bank to see what measures it will take to stabilize the volatile lira. Rate hikes appear to be a near certainty but there's speculation about capital controls as well.
• Following earnings, Siemens is +1.6% but Philips is -0.7%.
• In the U.S., Apple is -6.7% premarket in the wake of its financial report yesterday, helping to send down Nasdaq futures.
• EU Stoxx 50 +0.6%, London +0.4%, Paris +0.7%, Frankfurt +0.7%, Milan +0.85%, Madrid +1.5%.
• U.S. stock futures: Dow +0.5%. S&P +0.5%. Nasdaq -0.25%

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