Markets appear headed higher in early trading this morning, with Dow Jones Industrial Average
Banks in focus
The morning optimism is being driven by weekend developments that included a press conference from Spanish prime minister Mariano Rajoy on the country's new aid package. The package is aimed at shoring up balance sheets of Spanish banks, which have been reeling due to a sluggish economy and housing slump. News of an aid package is expected to insulate the sector from turbulence following Greek elections slated for Sunday. Shares of Banco Santander
Away from Europe, U.S. banks are facing some negative news from ratings agency Moody's, which is expected to reduce credit ratings for numerous large financial institutions, including Bank of America
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