Asian markets were mixed in overnight trading with the Bombay Stock Exchange up 1.3 percent on reports that foreign institutional investors have been pouring money into Indian stocks. Europe is higher and U.S. futures are modestly higher.  

European governments are speeding up €100 billion in emergency loans to help recapitalize Spain's banks. They might also take the costs off the government's balance sheet to help Spain weather the region's debt crisis. Check out the 13 people who are destroying the global economy >

 

 Chinese trade surplus widened to $31.7 billion in June. Exports beat expectations rising 11.3 percent, but imports rose just 6.3 percent month-over-month. Now here are 10 ways China is changing the world >

 

 Alcoa kicked off earnings season yesterday when it announced second quarter earnings of $0.06 per share. Net revenue however fell 9.4 percent to $5.96 billion as aluminum prices plunged.