The Day Ahead: Deal Hope Still There

U.S. markets appear confident that a last-minute deal to avert a government default is imminent as stock futures point to a higher open this morning. The mood could have been more somber after news last night that ratings agency Fitch warned it could cut the U.S.'s triple-A sovereign credit rating as the battle rages in Washington over the debt ceiling.

European markets saw their mini-winning streak falter as U.S. lawmakers again failed to come to an agreement over the debt limit last night. Asian markets closed mixed. Spot oil prices have been slowly tracking toward the $100-per-barrel mark, dipping below $101 recently. December gold was up slightly to $1,279.50. The U.S. dollar was flat and the yield on 10-year Treasuries was up nearly 2% to 2.74%....407 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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