After a brutal week, the Dow Jones Industrial Average (INDEXDJX:DJI) is set to recover a portion of its recent losses, with the blue-chip barometer pointed higher ahead of the bell. With the economic and earnings calendars relatively light today, U.S. traders are taking their cues from overseas. Most notably, investors are cheering news that Portugal's central bank will bail out battered Banco Espirito Santo, and will break up the bank into "good" and "bad" segments.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 41 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 1.12 million call contracts traded on Friday, compared to 1.16 million put contracts. The resultant single-session equity put/call ratio spiked to 1.04 -- the highest reading since Aug. 19, 2011 -- while the 21-day moving average advanced to 0.62.
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