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More Bandages on Europe Lift Markets Early

Once again, the European debt crisis is being held together by another band-aid on the problem. This afternoon, Germany, France, and Greece will get together to discuss the future of Greece being part of the European Union. As of this time, most investors expect a bailout package for Greece, however, a structured default cannot be ruled out. News out of the European Union can often fool investors. Earlier today, the credit rating agency Moody's downgraded two leading French banks. We can only wonder who will be next. The S&P 500 Index e-mini futures (ES U1) have traded all over the map. The ES futures are trading higher by 6.00 points to 1177.75 per contract. We shall see if they can hold up throughout the trading session.  ...Full video