cannon
Wikimedia Commons
It's the same old story today.
Markets are rallying in Europe.
Indices in Italy, France, and Germany are all up around 1%. Athens is up 1.6%.
Yields are improving in Italy, where the 10-year is now below 5.8%. The Spanish 10-year is below 4.9%. Even the Portuguese 10-year is heading back towards 16%.
US futures are up as well, though modestly.
The big economic news of the night as in China, where the PMI cane in better than expectations, though ironically the Shanghai Composite lost another 1%.