Asia finishes higher, Europe solid, U.S. futures positive

Futures: S&P: +5.4 Dow: +44 Nas: +8.2
Fair Val: S&P: -2.7 Dow: -27 Nas: -8.0

Asian markets, save Shanghai, finished moderately higher overnight after slight pullbacks from robust opens. European indices are uniformly green this morning an average of 1.5-2%.
Commodities are largely unchanged.
China skipped the world-wide rally on growing inflation fears. A day-old article on the challenges facing the Chinese central bank can be found here:
http://tinyurl.com/2tabfk