Updated from 7:44 a.m. EDT

Futures were in positive territory this morning, suggesting that stocks will perform well at the start of today's session.

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At 8:30 a.m. EDT,

Nasdaq futures were at 1385, about 19 points above fair value as calculated by

TheStreet.com

.

S&P 500 futures stood at 1102, trading about 9 points ahead of fair value.

Nokia

(NOK) - Get Report

was the most active stock in preopen trading as 850,000 shares changed hands on Instinet. The stock was recently gaining $1.55 cents, or 11.3%, at $15.30 after the company said it would meet its third-quarter earnings goals despite weak market conditions.

RF Micro Devices

(RFMD)

was also among the most active, trading up $1.25, or 5.5%, to $23.98 before the bell.

Cisco

(CSCO) - Get Report

shares were up 34 cents, or 2.3%, to $14.18.

Overseas, London's FTSE 100 traded up 52 points, or 1%, to 5086. In Japan, the Nikkei 225 closed up 97 points, or 1%, to 10,293 despite weakness in banking stocks. Hong Kong's Hang Seng finished up 51 points, or 0.5%, to 10,417. In currencies, the dollar is firmer against the yen and the euro.