Key factors driving the futures market:
ECB holding emergency meeting to discuss fragmentation issues (pertaining to sovereign debt spreads). Some see this as another “whatever it takes” moment.
Expectations that stock market is poised for a rebound effort given the magnitude of recent losses (S&P 500 down 10.4% from intraday high last Monday).
China reported better-than-feared Retail Sales, Industrial Production, and Fixed Asset Investment data for May.