Markets Are Exploding Higher After Huge Eurozone Summit

explode explosion

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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