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Markets are higher early in the European trading session.
England's FTSE 100 is up 0.2%.
France's CAC 40 is up 0.4%.
Germany's DAX is up 0.6%.
Spain's IBEX is up 0.8%.
Italy's FTSE MIB is up 0.2%.
This follows a big rally in the Asian markets.
Japan's Nikkei closed up 0.8%.
Hong Kong's Hang Seng Up 1.6%.
Australia's S&P/ASX up 2.02%.
There isn't much overseas market-moving news worth mentioning.
Sentiment may be getting a boost from yesterday's bullish U.S. housing starts number.
Later today, we'll get two huge pieces of economic data from the U.S.: the Philadelphia Fed manufacturing report and existing home sales.