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The Week Ahead: Builder Confidence, Housing Starts, FOMC Minutes, Debt Supply, CPI

Uncertainty remains as to whether Greece will resolve its debt issues, but markets around the globe were mostly higher Tuesday and the euro recovered slightly from its earlier beatings. In the US, equity futures are pointing higher following the long weekend. One hour before the opening bell, Dow futures are up 28 points to 10,145 while the S&P 500 looks to open 4.30 points higher at 1,083.40. Last week the Dow and the S&P 500 each saw a gain of 0.9% ― for the latter it was the first weekly advance in more than a month. Commodities are also higher: WTI Crude oil is up $1.44 to $75.32 per barrel and Spot Gold is trading $12.50 higher to $1,113.60. In recent news regarding Greece, Jean-Claude Juncker, who heads the Eurogroup of eurozone finance ministers, said Greece would have to cut...(read more)

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