Photo: Air Force
Markets are staging a big-time rally after yesterday’s EU Summit, which produced news on bank recaps and Greek haircuts (full roundup here).
- Germany is up 3.3%
- France up 3.3%
- Italy up 3.3%
- Spain up 2.5%
US futures are nicely higher as well, with the S&P 500 futures pushing to new post US sovereign-downgrade highs.
So for now? All good. Now leaders nervously wait.
Meanwhile, the next huge news of the day will be GDP at 8:30.
Full recap of what happened last night is here.
And for a look at what to watch next in Europe, see here.
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