Global stocks extended a rally Wednesday as investors were encouraged by rising oil prices and the prospect of Greek debt relief.
Bank shares led the Stoxx Europe 600 up 0.9% in morning trade, echoing gains in Japan and Hong Kong.
Futures pointed to a 0.4% opening gain for the S&P 500. Changes in futures don’t necessarily reflect market moves after the opening bell.
Technology and financial stocks led the S&P 500 to its biggest gain in more than two months on Tuesday, following strong U.S. housing data and growing confidence that the economy could withstand higher interest rates.
People are realizing that rates going up…
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