futures well up again, page-33

Keep in mind the FTSE is down (approx. 3%) due to:

July 1 (Bloomberg) -- U.K. house prices fell by the most since 1992 and manufacturing unexpectedly contracted in June as banks starved the economy of loans and commodity prices soared, bringing the nation closer to a recession.

Hence the DOW futures have reacted to the above news to be in the red, however nowhere as much as FTSE is. If the US were to open now, it would only be down less than 1% at 11,255.

A key US economic report due in 15 mins.