We have seen stocks and equities advance during the morning session this was primarily on the back on the likelyhood of Spain requesting a bailout in the coming days/weeks. Some analyst's seem to think that this might not take place until after the US elections. On the flipside of the coin Moody's published a report which stated that the Spanish banks may need a larger capital injection then previously expected, the results of last week stress tests may be to some digree distorted.
We are expecting to see DowJ open up slightly higher having tested 13,572 in early morning trading. Futures are pointing to sligh gains across the board, it wouldn't be unusual to see the DowJ trade down to last night close 13,510 and then make a move towards the upside and challanging the morning highs.
Happy Trading
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