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There is a headline crossing the Bloomberg Ali Baba

is said to be in talks with banks

for up to a $4 billion loan

and that's according to the Wall Street Journal. Stocks are rallying around the world

this morning oil gaining with industrial metals as China's Central Bank said it sees room

for monetary easing in the build-up to a group of 20 Finance Chiefs discussions on the global economy.

S&P, E-Mee-Mee-Mee futures up 76, and NASDAQ E-Mee futures up 25.

Tax in Germany's up 1.3 percent.

Tenure Treasury down 330 seconds, the yield 1.72 percent.

Nimes crude oil up 1.1 percent or 41 cents to 3, 3,48 a barrel. Comex Gold is little change down 80 cents to 123810 an ounce.

...