News of the deal with private banks and insurers to take a 50% loss on Greek government bonds has sent world markets and U.S. stock index futures soaring this morning.
The cut is a voluntary one, and reduces Greece's debt burden by 100 billion euros.
The euro has jumped to a 7-week high and oil prices are also higher following that news.
The Greek debt deal should provide a significant positive boost to the U.S. markets, but there's still plenty of earnings and economic data in the day ahead to be considered as well.
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