At 8:35 a.m. futures are moderately higher, the dollar is down against all currencies except the yen, and oil is pricier per barrel. The market is poised to open higher.
Investors are pleased to see that the E.U. has agreed on a bailout fiscal fund established to save whoever. The measure does not help out Greece as Greece faces a March loan deadline. The expectation is that Greece will default and this is not so pleasing.
Otherwise, investors will be looking at data on home prices and consumer confidence.
Are you confident?
CNN: Stocks: Investors welcome Europe's fiscal pact
European Union leaders agreed to implement the European Stability Mechanism, a permanent rescue fund, in July.
...the first summit of the year ended without new solutions for the debt crisis in Greece.
The Case-Shiller 20-city home price index is scheduled to be released at 9 a.m.
...the Conference Board's Consumer Confidence Index is also set for release...