Looks like a little Santa Claus rally to start the new week. US equities are up 1.0% at the open, closing in on 2009 highs in the 1120 area. That is the 50% retracement of the 1575/666 drop and a break and close above would be quite bullish.
Just crossing the wire, S&P has revised Russia’s debt outlook to stable from negative.
EUR/USD trades at 1.4350 after triggering small stops on the earlier push to 1.4370/72.
