(as of 7:10 AM PST)
Positive developments in Asia and Europe have provided investors in the US a green light and markets are up strongly as a result. Different stories and reasons from each region have buyers snapping up stocks this morning with the Dow back to positive for the year. Asia's story is one of an anticipated financial stimulus program for China based on weak economic data coupled with favorable inflation numbers. Europe is a stronger story based on solid economic data and rumblings that GDP might come in higher than expected for the 1st quarter. The Greek financial crisis is temporarily on the back burner with most analysts feeling that a last minute bailout is sure to be reached. In the US pending home sales added fuel to the fire coming in higher than expectations. The US dollar is rallying today against all major currencies and commodities are struggling as s result with both oil and gold down significantly.
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