The Papademos-Monti bounce continues with S&P 500 futures up 13 points. But the ‘risk on’ tone hasn’t spread to foerx as the yen is outperforming followed closely by EUR; CAD and sterling are the laggards.
Trading will be light due to Veterans Day/Remembrance Day holidays. US and Canadian bond markets are closed but stocks are trading. The lone economic data point is the first reading on the U Mich consumer sentiment survey for November. It’s expected to rise to 61.5 from 60.9.