European traders also have a fairly lengthy list of macro indicators to look forward to, with PMIs from Germany, France and the euro zone as a whole, as well as from Britain. The euro area also has final readings for consumer inflation in January.
The euro and sterling have outperformed the dollar and yen over the past week, with traders betting the ECB and Bank of England will be later than the Fed in cutting rates, while the Bank of Japan moves with extreme caution on rate hikes.
The 10-year Treasury yield remains elevated at above 4.3%, but below the 4.4% level that some analysts flag as the threshold for a flare-up in equity market jitters.
A smaller pool of earnings today, but Nestle’s could shed light on how tight consumers’ purse strings are.
In Britain, Lloyds and Anglo American are due to report.
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