All Eyes On Consumer Sentiment

Good morning. Futures are in positive territory as the dollar turns weaker.

While the market awaits the latest read on consumer sentiment, Euro area GDP showed growth but came in weaker than expected, more positive earnings news and mixed reports on Trade Balance and Import/Export Prices.

Other noteworthy headlines this morning include word from a top Chinese central banker who said Beijing wants to let the yuan move more freely, Warren Buffett says the financial panic is over, confidence by the Obama administration that Congress will raise the country’s debt limit by year end to avert a showdown, the Federal Housing Administration's capital reserves have fallen to razor-thin levels, Barofsky says TARP will almost certainly result in a loss to taxpayers, FDIC orders banks to prepay $45 billion to replenish the FDIC, Dell enters the smartphone business, Boeing finds another glitch with new plane, and a little more M&A activity (Liberty Global acquires Unitymedia, British Airways agrees to merge with Iberia, & Green Mountain Coffee buys Timothy's.)

Read more of my premarket report.