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Monday, February 10, 2014

U.S. stock futures: Dow -0.2%. S&P -0.2%. Nasdaq flat. - 2/10/14

Global stocks mixed
  • Many of the major stock indices in Europe and Asia have continued to recover from the sell-off during the first half of last week, encouraged by Wall Street's strong performance on Friday despite the tepid U.S. jobs report.
  • However, U.S. stock futures are flat-to-lower.
  • Markets are eyeing Janet Yellen's testimony to Congress tomorrow and on Thursday - her first appearance on Capitol Hill as Fed chief - for indications for the bank's reaction to the employment data.
  • Chinese shares led the gains in Asia with a rise of 2%, boosted by estimates of robust consumer spending during the Lunar New Year holiday season.
  • Japan +1.8%, Hong Kong -0.3%, India -0.2%.
  • EU Stoxx 50 +0.2%, London +0.2%, Paris +0.4%, Frankfurt +0.3%, Milan -0.2%, Madrid -0.5%.
  • U.S. stock futures: Dow -0.2%. S&P -0.2%. Nasdaq flat.
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