U.S. equity futures are looking slightly stronger this morning, as oil sags and the dollar gains a tad.
The Shanghai Composite's continued implosion, -- the index closed down 6.4% today -- is enough to give investors a respite from the drone of the Greece debt saga.
The Bank of Japan announced that it would continue its pace of asset purchases, keeping its stimulus program running on all cylinders.
But just because there are other things going on in the world doesn't mean that Greece has solved its liquidity crisis. There are various reports of positive steps in the negotiating process, but we don't put much weight on that.
However, they better come to an agreement fast, as Greeks withdrew more than 1.0 billion euros ($1.12 billion) from their savings accounts in one day, as they lack confidence that a deal will be reached.
Meanwhile, Russia has announced that it is considering providing emergency financing to Greece in return for "investment projects and trade"...and eventually full sovereignty, Mr. Putin?
In domestic market news, yesterday's red hot IPO FitBit (FIT) the largest wearables maker, screamed almost 50% higher in its first day of trading.
Earnings calls of note today include CarMax (KMX) and KB Home (KBH).
Lastly, there are no major economic data due today.
Happy trading!
