Eurozone Group Endorses Greek Bailout; Says Spain Needs Larger Deficit Cut, Bank of Japan Holds Monetary Policy Steady

From Wallstreet we reported, U.S. Index futures and stocks are likely to move higher in early trading on Tuesday. The major index futures are currently pointing to a notably higher open for the markets, with the Dow futures up by 48 points.

Latest update from Eurozone Debt Crisis we reported, Eurogroup Endorses Greek Bailout; Says Spain Needs Larger Deficit Cut, Eurozone finance ministers late Monday gave their final nod to a second bailout package for Greece after the country completed a debt swap deal with its private creditors last week.

Meanwhile, from Tokyo we reported, Bank of Japan Holds Monetary Policy Steady; Enhances Growth Fund, The Bank of Japan on Tuesday decided to expand a loan scheme aimed at supporting economic growth by JPY 2 trillion following the conclusion of its March monetary policy meeting. At the same time, the central bank kept its monetary policy unchanged. The measure was largely aimed at tackling deflation and establishing a new basis for economic growth, the central bank said.

From Welsh we reported latest U.K. Trade Deficit Increases In January, U.K. visible trade gap widened as import growth exceeded the increase in exports in January, but the deficit was below economists' expectations.

By the way, from Berlin we reported German March Investor Confidence At 21-Month High, Confirming the positive outlook for business activity, Germany's economic sentiment strengthened sharply in March to a level last seen in June 2010. The European Central Bank's liquidity injection together with signs of easing eurozone debt crisis underpinned confidence of financial experts.