After a 3-day weekend in the US markets? Surprisingly little. Overnight the German ZEW investor confidence poll was higher than expected, but that's the trend everywhere.
In China the Shanghai Composite saw the second day off steep losses after the return from the Lunar new year. Also for the first time after eight months of pumping money in to the economy, China is now draining it out, they pulled the sink stop today as signs of inflation that tore through the country as well as the MENA region in 2011 started to rear its ugly head, expect more liquidity draining, not RRR cuts like CNBC predicts whenever the subject comes up.
A couple more companies like Nestle were caught in the horse meat scandal.
Europe is waiting for the election results from Italy due out Sunday or Monday and most importantly the F_O_M_C January minutes come out tomorrow so pretty much you didn't miss anything.
Other than that, there's surprisingly little movement...The major currency pairs have barely budged from this week's FX open.
Both ES and NQ have slight pre-market negative divergences going in to the open.
5 years ago
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