Photo: Wikimedia Commons
ORIGINAL POST, SEE UPDATE BELOW: Europe is trying to make it two in a row.Ongoing buzz about leaders there cooking up some deal is keeping markets afloat.
Spain’s IBEX is up 0.7%.
Italy is up nearly 1%
France is up 0.6%.
Interestingly, Germany is only flat, marking the second straight day of major underperformance.
Asia had a solid night, as Japan and Korea both posted gains of about 1%.
We’ve had a string of service PMI numbers today all of which have been mediocre.
Also overnight, the Reserve Bank of Australia cut rates by 25 basis points.
UPDATE: And the really is fading.
Italy is now in the red, to the tune of 0.25%.
Germany is off 0.6%
Here’s a chart of the Euro overnight, via FinViz:
Meanwhile, at 7:00 AM ET, the G7 will hold an emergency call on Spain.