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Market preview: Stock futures are pointing higher on a report that Spain is ready to ask for a...

Market preview: Stock futures are pointing higher on a report that Spain is ready to ask for a bailout, although PM Mariano Rajoy plays down the speculation, while Germany is dragging its feet. S&P benchmark +0.5%. JPMorgan +0.3% despite facing fraud allegations over Bear Stearns' dodgy mortgage bonds. Express plummets 16.5% following an earnings warning. Ongoing/Later : Auto sales, ISM New York Business Index
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