Welcome back from the long weekend.
The latest data out of China shows the country's economy grew by just 6.9% in 2015. But markets seem to be relieved it wasn't worse. Stocks are green across the board and crude futures have jumped above $30.
"I guess we're having a pause from the bear market which has engulfed risk this year," wrote Kit Juckes of Societe Generale. "But ... there is no reason to get optimistic that the worst is behind us."
U.S. stock futures are up over 1% in what might be called a relief rally.
Here are the five things you need to know before the opening bell rings in New York:
1. China: China has posted its weakest annual economic growth in a quarter century. Gross domestic product expanded by 6.9% in 2015, Chinese authorities said Tuesday. That's in line with the median estimate from economists surveyed by CNNMoney.
2. International markets overview: European markets are up around 1.5% in early trading, with long-battered mining and shares soaring in London. Asian markets ended higher. Shares in Shanghai jumped more than 3%, The Hang Seng closed up 2% and the Nikkei ended the day 0.5% higher.
3. Stock market movers -- Anglo American, Glencore, Ocado: Anglo American (AAUKF) and Glencore (GLCNF) jumped by 9% at the London open. Online grocery delivery firm Ocado (OCDGF) is up around 9% in London on rumors Amazon (AMZN) might make a bid. Amazon UK recently launched a rival to Ocado.
4. Earnings: Bank of America (BAC), M&T Bank (MTB) and Morgan Stanley (AACXX) continue the slew of bank earnings before the opening bell. After the close, IBM (IBM) and Netflix (NFLX) will report results.
5. Friday market recap: The S&P 500 fell 2%, the Dow Jones industrial average fell 2.3%, the Nasdaq closed down 2.7%.
