ECB’s Papademos feels that although euro zone gradual economic recovery in 2010 still the likely scenario, recent evidence shows recovery may come a bit earlier, maybe by end of 2009.

This guy always seems optimistic to me, excellent happy thoughts!!!!

S&P futures pretty much trading at session high.

Cable has taken off, back over 1.5300, presently at 1.5310. Meanwhile Eur/usd is up about 10 points.