The market is at present set to open higher. The financial articles indicate that there is a temporary reprieve from the fear that the global economy is on the skids.
Notice that BP's stock are now down to $29 per share. Some of the attention has shifted to BP and its viability.
Reuters: Stock index futures signal gains for Wall St
China's exports jumped in May, reassuring investors about the economy's strength...CNN: Stocks set to pop
A weekly report on jobless claims comes out at 8:30 a.m. ET. Also due at 8:30 is the latest reading on the trade balance. The Treasury budget is on tap for 2 p.m.
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