Market Flash;Market Up

Breakfast Bites; Equities are trading moderately higher today on the hopes that Greece will finally seal a deal clearing the way for a second bailout that will allow it to avoid default. Prime Minister Lucas Papademos was expected to hold a meeting with the three Greek party leaders backing his interim government this morning, potentially clearing the way for an agreement with the country’s euro-zone partners and the International Monetary Fund on a 130 billion euro ($170 billion) bailout plan.

  • Mortgage Applications in the U.S. rose by 7.5% during the period ending Feb. 3, the first time in 3 weeks as record low borrowing costs led to a pickup in refinancing

  • China's central bank said it would help support first-time home buyers.

  •  U.S. Calendar relatively empty. Fed Governor Williams to speak

  • Santouram shakes up Republican primaries