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Stock are in rally mode this morning, after successful all-night bailout talks between Greek and euro zone leaders. The deal includes a $55 billion fund that will be set up using Greek government assets for privatization. European stocks cheered the Greek deal, while the euro lost ground to the dollar. U.S. bond yields and those across Europe are higher. (CNBC)

As we get ready for the next Apocalypse Dejour, investors in Puerto Rican municipal bonds hope to get specific information about how the commonwealth plans to restructure debt when government officials meet with creditors today. (Bloomberg)

On the earnings calendar we have big names like Wells Fargo, Goldman Sachs, and JPMorgan Chase set to release quarterly numbers later in the week. But no major companies are scheduled for today. (Seeking Alpha)

Wal-Mart is launching a rival sale Wednesday in response to Amazon's Prime Day celebration of the e-commerce giant's 20th anniversary. (USA Today)

Oil is down 62 cents at $52.12 a barrel. Oil prices were under pressure this morning as OPEC said its output rose in June, despite volatility. The group warned low prices might not give the boost to the world economy that some expected. (CNBC)
 

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