LONDON -- The Dow Jones Industrial Average
As expected, the ruling included some conditions, limiting Germany's liability to 190 billion euros and requiring any further changes to be approved by the German Bundestag (parliament). European markets reacted immediately, and U.S. markets are expected to follow, with Dow and S&P futures up by more than 0.5% as of 7 a.m. EDT.
In domestic news, August's import price index and July's wholesale inventories are due to be published this morning, with both expected to show an increase, reversing the previous month's declines. Shares in Apple
Finally, today sees the start of the monthly Federal Open Markets Committee meeting on interest rate policy. No announcement is likely until tomorrow, when markets will be watching closely and hoping for a further round of quantitative easing.
European markets were quiet this morning before moving decisively upward following the German court ruling that the ESM is legal. At 7 a.m. EDT, the DAX was up by 0.8%, the CAC was up by 0.5%, the FTSE MIB was up by 1.1%, and the IBEX was up by 0.8%.
In London, reaction was more muted but still positive, with the FTSE 100
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