European stocks are all climbing Friday morning after a big boost in Asia following Japan’s unexpected decision to extend its quantitative easing stimulus program.

Here’s the scorecard:

France’s CAC 40 is up 2.02%

Spain’s IBEX is up 1.74%

Italy’s FTSE MIB is up 1.78%

Britain’s FTSE 100 is up 1.15%

Germany’s DAX is up 1.60%

Asian markets saw a massive rally. The Nikkei closed up 4.83%. The Hang Seng closed up 1.25%.

US futures are climbing, too: The S&P is up 16.75 points, and the Dow is up 149 points. 

On Friday morning, we’ve already had some terrible retail sales figures for Germany: with a 3.2% drop in September, they are the worst since 2007.

European inflation data just released showed a small rise, up to 0.4% in October. That’s one month of room to breathe for the European Central Bank, a small step away from deflation. 

At 8:30 a.m. ET from the US, personal spending data is out. Analysts are expecting a 0.3% boost to personal income and a 0.1% boost to spending for September. 

This post was updated at 6:30 a.m. ET. 

Read more:  http://www.businessinsider.com/market-update-oct-31-2014-10#ixzz3Hj4B7eU4