- Having looked into the abyss this afternoon and survived, markets are rallying in overnight trade, with S&P 500 (NYSEARCA:SPY) and Nasdaq 100 (NASDAQ:QQQ) futures each higher by 1%. The S&P 500 now is about 3.5% above where it stood at today's lunchtime low.
- Oil is also on the move, with the front month WTI contract now at $28.69 - about $1 per barrel above the day's low.
- German (NYSEARCA:EWG) and French (NYSEARCA:EWQ) futures are higher by more than 1%.
- Trading's just getting started in Asia and Shanghai is modestly lower, but Hong Kong and Japan are each ahead roughly 1.3%.