The Market On Tuesday

At 8 a.m. future are moderately up, the dollar is up against the yen and pound, and the price of oil is up significantly. Barring a collapse one would expect the market begin with a jump, many energy stocks will do likewise.

Its the same story and it is unclear exactly how the matter is being addressed. This is Europe's apparently massive insolvency issue. The fear is that the weight of Europe's financial problems are enough to throw a wrench in the global recovery. This morning the concern has shifted to optimism as world stocks saw a bump, but this probably is not a stable assumption.

CNN: Stocks poised for gains

Investors around the world have been worried about what impact debt woes in the euro zone will have on the global economic recovery.


In the United States, a report on April housing starts and building permits comes out at 8:30 a.m. ET.


Also due at 8:30 a.m. is the producer price index, a measure of wholesale inflation.


U.S. light crude oil rose $2.07 to $72.15 a barrel.

Reuters: Global stocks rise on optimism over euro zone progress

...cautious optimism that progress is being made on the euro zone rescue plan, but the euro itself remained under pressure.