It’s going to be a pretty busy week in markets for three reasons: Earnings, Bernanke testimony in front of Congress, and a fair amount of economic data.
And things are starting off on a bullish footing.
Markets are gaining around the world, after Chinese GDP data that came in “in-line” (growth of 7.5%), this providing relief to investors who were worried that the bottom would fall out.
Chinese stocks themselves ended up 1%.
Italy is up 0.7%, Spain is up 1%, and Germany is up 0.7%.
And US futures are pointing to a green open.
In the US, the big economic datapoint today will be retail sales at 8:30 AM ET.
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