European Markets Are Rallying

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From a market standpoint, it’s a very quiet start to the week.There’s very little economic data this week, and no big meetings are scheduled, and so far, there’s very little action in financial markets.

European markets are modestly higher.

US futures are a hair lower.

Asian stocks had a big day, but that’s just because they were playing catch-up with the US and Europe from Friday.

The one big development: Big time drops (once again) in borrowing costs in Spain and Italy, signalling that Mario Draghi has (for the moment) successfully convinced Europe that something is going to be done before too long.

SEE ALSO: The most important chart in Europe is having an amazing day >

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