Wall Street VIPs Have Next Huge Crisis on the Mind: Taking Stock
This article is for subscribers only.
Stocks are higher in most global markets in a follow-through from the action in Europe and the reduced jitters over Italy’s budget plans.
S&P futures are up ~8 handles and the cash index is pointing to a positive day, which is something we’ve only seen twice in the past eight sessions. Europe’s Stoxx 600 is at session highs, up half a percent, thanks to a rebound for the region’s banks (Stoxx banks index was up as much as 1.8 percent at one point) -- and that’s despite a weaker euro-zone retail sales print, a profit miss by Tesco (shares tumbled ~9%) and a lackluster debut for Aston Martin’s IPO.