The /ES and /NQ stock futures contracts are trading higher this morning on an early climb. There is growing hope that the European Union will provide Greece with some support for its mounting debt burden – would we actually be the worst thing for the country!
EU officials are meeting Thursday. It is expected they will address the worries about sovereign debt. Overseas markets were mixed in general trading overnight. Concerns over European debt problems is the latest worry for investors who have been selling stocks in recent weeks, putting a robust 10-month rally on hold. Stocks initially began to retreat as China said it would try to rein in its economy to avoid speculative bubbles and President Barack Obama announced plans to curb trading by large financial institutions.
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