Pre-Market News and Views for May 31st 2011

This morning, the S&P 500 e-mini futures(ES M1) are trading higher by 11.25 points to 1341.25 per contract. This sharp move higher comes as the U.S. Dollar Index(DX) declines lower. Germany announced that they are willing to make a new aid package for Greece. This news has lifted the markets across the Euro-zone. We can only wonder who is the next country in the European Union to need a bail out, and who will be the next country to want a new restructured bailout package? These problems in the European Union are not going away anytime soon.

 

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