Daily Market Update

Daily Market Update

Daily Market Update World markets higher despite lack of Greece deal
There was no deal over Greece’s debt yesterday with talks postponed until Monday but European stocks are higher today as Sweden’s central bank injected stimulus into the market and Russia-Ukraine reached a temporary ceasefire. It was enough positivity to get investors back to trading and the sentiment spread to Asia too where the major markets have closed higher. US stock futures are trending higher; oil is higher; gold is higher.
 
Today’s data
Jobless Claims at 8.30am ET
Retail Sales at 8.30am ET
Bloomberg Consumer Comfort Index at 9.45am ET
Business Inventories at 10.00am ET
EIA Natural Gas Report at 10.30am ET
Fed Balance Sheet at 4.30pm ET
Money Supply at 4.30pm ET
CBS, Coca-Cola Enterprises and Kellogg are among the companies reporting earnings today.
 
US foreclosures increase
The level of foreclosures on US properties has increased by 5 per cent according to data from RealtyTrac. A total of 37,292 homes were repossessed in January, marking a 15-month high in a single month, although the number is still 4 per cent lower than a year earlier.
 
Brent holds steady despite higher US stocks
The price of Brent crude has held steady at around $55 so far Thursday despite figures showing that supply is still outpacing demand. OPEC still says it will not cut production and is continuing with its current levels of supply to Asia.