By msnbc.com news services
U.S. stocks are set to move higher Tuesday as investors keep an eye on the latest developments in Europe?s sovereign debt crisis.
With little on the U.S. economic calendar this week and earnings season near an end, the crisis in Europe is still on investors' minds.
Lawmakers in Rome are readying for a crucial vote on public finances that marks the latest chapter in the euro zone debt crisis.
Investors were encouraged after European Central Bank policymaker Juergen Stark said he sees the crisis over in the next year or so as politicians now realize the need for painful action.
Italian Prime Minister Silvio Berlusconi faced a crucial vote on public finances in parliament that could sink his center-right coalition if enough party rebels desert him.
In Athens, wrangling continued as politicians tried to form an interim administration to save Greece from bankruptcy by enacting a second international bailout plan before early elections.
Italian 10-year borrowing costs touched a new record of 6.71 percent on Tuesday, raising the risk that Rome's massive debt -- the second highest in Europe at 120 percent of gross domestic product -- could spiral out of control.
Dynegy Holdings, a unit of energy producer Dynegy Inc., filed for Chapter 11 bankruptcy on Monday, according to court documents.
Reuters contributed to this report.
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