DJIA    up 10    at 12,894

S&P    up  1     at  1,351

US stock index futures are a touch firmer this morning, following strength in European equities. Once again, investors are waiting for news from Greece yet appear completely unfazed by further delays and confusion. Given the strength of the euro and risk markets in general, it looks as if Greece is becoming a sideshow. Policymakers and bondholders are expected to come up with deals at some stage, but the prevailing view is that Greece's problems will be contained. Of far greater importance is the willingness of the major central banks to continue to hose liquidity into the market place. Today's meetings from the Bank's MPC and the ECB are expected to confirm their ongoing interventions.

We'll see weekly jobless claims from the US today and wholseale inventories. We also have earnings reports from Credit Suisse, Dunkin brands, Noble Energy, Pepsico and Philip Morris amongst others. While the US earnings season continues to produce a mixed set of results, it has certainly been better than the European season so far. The big question now is whether the US equity markets still have the momentum to push higher from their present elevated levels.