Photo: Wikimedia Commons
So in the very early hours of the morning, today is not turning into a total disaster.Everything is higher following yesterday’s it’s-all-coming-apart selloff.
Dow futures are up 70 points.
Europe is up across the board, with the major indices gaining over 1%.
There’s some buzz about some new headlines from China — naturally — about how they will still invest in the EFSF, which is perhaps causing some good cheer.
Mostly though, the news this day is still pretty bad.
Greece is still going ahead with its controversial referendum plan — a development that throws a major spanner in the Euro bailout works — and a slew of fresh PMI data out of Europe is really dereadful.