Markets Are Higher

Good morning!

Things are mostly quiet today in world markets following yesterday’s huge gains for US stocks.

The emerging market-inspired turmoil everyone was freaking out a couple of weeks ago is fading into the rear-view mirror, as US stocks claw their way back close to their all-time highs.

There’s a generally greenish tint to the action today.

Japan gained 0.5%. Shanghai rose 0.3%, Germany is up 0.4%. US futures are up a hair.

There’s basically nothing coming up this morning, except an announcement from the BoE and the latest in mortgage applications, so there’s a decent chance that things will be quiet all day.

Focus shall be paid to The Olympics and the big storm that’s about to barrel down on NYC.

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