FRANKFURT (MarketWatch) — U.S. stock futures rose on Monday, taking their cue from rebounding European markets as investors awaited the Institute for Supply Management’s latest take on the U.S. manufacturing sector and a speech by Federal Reserve Chairman Ben Bernanke. — Marketwatch
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Risk markets are higher, but the news continues to be grim for a friendly Eurozone solution. The region’s unemployment rate rose to a record high.
Further weakness continues to spill into the global economy with the latest Tankan survey showing deterioration
On the bright side, S. Korean exports were less bad than originally thought.