Wall Street is set to rise at Wednesday?s opening bell, after the head of the European Commission said it will present options for joint euro zone bonds, a tool that might help resolve the region's debt crisis, Reuters reported.
According to the newswire:
European Commission President Jose Manuel Barroso said the commission will soon present proposals for common euro bonds. Germany is opposed to debt jointly issued and underwritten by all 17 members of the bloc.
In economic news, investors were digesting data on producer prices for August and U.S. retail sales for August. Later, at 10 a.m. ET, business inventories for July will be released.
Source: http://bottomline.msnbc.msn.com/_news/2011/09/14/7757099-wall-street-set-to-rise-at-open
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