Stocks gain ahead of Fed decision; Treasury yields slip

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NEW YORK, Nov 1 - Global stock indexes were higher and the U.S. dollar was nearly flat on Wednesday ahead of the afternoon's Federal Reserve's policy decision, while Treasury yields slipped on Treasury Department plans to"gradually" boost the size of its debt auctions to meet financing needs.

Data showed a smaller-than-expected increase in U.S. private payrolls, which took some steam out of a still-tight labor market. The Japanese yen recovered somewhat on Wednesday after falling sharply the day before, when the Bank of Japan tweaked its bond yield control policy, loosening its grip on long-term rates and pushing the currency to a one-year low against the dollar.

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