Things that can move the U.S.:
Europe meanwhile was steady following yesterday's gains, but remained within the tight range of the past three weeks or so. Bernanke has a way of calming markets and yesterday was no exception.
Though the markets did pull back slightly in yesterday's afternoon, they've come right back and are near Monday's highs in futures trading. With little data out today (ISM New York, car sales) we should be in for a quiet session.
- Asia quiet: Japan -.12%, China, HK closed, SoKo flat, Aust +1.01%
- Australia house prices +1.4% MoM vs previously flat
- Australia unexpectedly eases short rates to 3.25% from 3.5%
- Europe firm: Eurostoxx +.31%, Dax +.29%, FTSE +.12%
- UK nationwide house prices -1.4% YoY vs -.7% expected, -.7% previous
- UK construction PMI 49.5 vs 49.9 expected, 49.0 previous
- Eurozone PPI +2.7% YoY vs 2.6% expected, +1.6% previous
- Moodys says Spanish banks need more capital than stress tests show
Europe meanwhile was steady following yesterday's gains, but remained within the tight range of the past three weeks or so. Bernanke has a way of calming markets and yesterday was no exception.
Though the markets did pull back slightly in yesterday's afternoon, they've come right back and are near Monday's highs in futures trading. With little data out today (ISM New York, car sales) we should be in for a quiet session.