Markets Move Cautiously Higher Now That Europe Is Closed

Trader Pointing At Screen

Photo: Mario Tama/Getty Images

Markets are higher and the barrage of headlines seems to have subsided since the European close.A look at the scoreboard right now:

Dow: +17 pts, +0.14%
S&P 500: +4 pts, +0.3%
NASDAQ: +7 pts, +0.26%

Analysts continue to chatter about the potential for central bank action as early as tomorrow, when the European Central Bank will make its June policy decision.

Many analysts believe that a rate cut seems like the obvious answer right now, but others are dubious that the ECB will be willing to take the pressure off EU leaders to act.

Still others speculate about some major coordinated central bank intervention, like an expansion of the dollar swap program, that would give European banks easier access to funding.

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