US index futures are higher this morning following developments in Europe that people believe will lead to a sounder euro. Of the 27 members of the European Union all but 2 have approved a tighter fiscal discipline plan that promises a more harmonized approach to dealing with crises such as the debt crisis now stifling Europe. Only the UK and the Czech Republic demurred. As for the deal on Greek debt, there is, for some reason, hope that the EU agreement will nudge a settlement on the debt swap. Maybe, but if the agreement adds more punishment for Greek citizens, there will very likely be street demonstrations and possibly even a change in government. Bets on peace, love, and understanding in Europe may be premature, but that’s where the money is going today.
At about 8:15 a.m. ET, Germany’s DAX is up 1.06% at 6,512.56 and France’s CAC 40 is up 1.53%, at 3,315.56. In London, the FTSE 100 is up 0.76%, at 5,714.44.
In Asia, the Hang Seng index closed up 1.14%, at 20,390.50 and the Nikkei index closed up 0.11%, at 8,802.51. The Shanghai exchange closed up 0.33%, at 2,292.61.
Dow futures are up 0.42%, at 12,655.00. The Nasdaq 100 is up 0.35%, at 2,470.50 and the S&P is up 0.43%, at 1,314.50.
In the currency markets, the US dollar is weaker against the British pound and the euro and stronger against the Japanese yen. The US dollar index is down -0.296% at 78.891.
In commodities, WTI and Brent crude are higher this morning, with WTI up 1.22% at $99.99/barrel and Brent is up 1.26% at $112.14/barrel. Gold is up 0.37% this morning, at $1,740.80/ounce.
Paul Ausick
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.