Markets Are In Rally Mode — Europe Is Having A Huge Surge

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Photo: YouTube/020808

Last night it looked like markets were going to start with a bout of risk off.But things have turned around after all the PMI reports, and things are looking up, at least for now.

Europe is doing especially well.

Italy is up over 2%.
Spain is up 1.53%.
Germany is up 1.4%
France is up 1.6%.

Besides PMIs, the other big news out of Europe over the weekend is the chatter in papers about how Greece is likely to get its next slug of aide from the Germans. Greek banks, therefore, are having a good ay.

US futures are up solidly ahead of more data, including the US PMI.

For full PMI coverage, see here >

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