Daniel Gross

Morning Reading: Greece, France and Germany To Talk

Contrary Indicator

What to watch, courtesy of Yahoo! Finance's Elizabeth Trotta

World stocks mostly rose and U.S. futures are pointing to a higher open amid optimism ahead of a teleconference between the leaders of Greece, France and Germany. European stocks advanced even as Moody's cut its rating for two of France's biggest banks.

In the U.S., the Mortgage Bankers Association reported weekly mortgage applications rose for the first time in a month as interest rates fell. The index of mortgage application activity jumped 6.3%, while an index reflecting refinancing applications rose by 6%.

Also of note, today marks three years since Bank of America bought Merrill Lynch — tomorrow will be three years since Lehman Brothers announced its bankruptcy filing. The New York Times takes a look at the deals three years later.

Economic Data:

7 a.m. MBA Mortgage Index

8:30 a.m. Producers Price Index

8:30 a.m. Retail Sales

10 a.m. Business Inventories

10:30 a.m. Crude Oil Inventories

Early Headlines:

World

Hopes for Greek debt progress lift world stocks

Moody's cuts French banks as euro crisis deepens

Greek PM to hold crisis talks with Merkel, Sarkozy

Poll: German opposition party at 3-year high

China urges U.S. not to resort to protectionism

Freed of Gadhafi, Libyans expect post-war boom

U.S.

US gov't prepares to release BP oil spill report

DOJ investigating alleged criminal actions by eBay

UAW expects GM contract deal after "much progress"

Government assistance keeps millions out of poverty

Federal Reserve squarely in Republicans firing line


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