French GDP has come in with a disappointing 0.0% result this morning. German data showed a slight improvement with an outcome 0.8%. The EUR continues to trade near support levels.
Gold as of this writing is near 1303.00 USD. Crude Oil is continuing its range dance within a consolidated mode via the WTI.
Important figures from the States today will be the Philly Fed Manufacturing Index, along with the Empire State reading. Also weekly Unemployment Claims statistics will be published.
Jobless data in the States is reaching the realms of disbelief. While the Official Unemployment Rate in the States has improved to an almost acceptable level real concerns remain about the quality of the jobs available and a vast legion of workers who have simply given up looking for work.
Politically the Russian – Ukrainian situation has in some sense almost been digested by investors and will have little effect on the markets unless major news breaks.
Tomorrow the Preliminary University of Michigan Consumer Sentiment reading will be brought forth. Wall Street traded slightly lower yesterday, but after reaching new heights recently this is not exactly going to scare those riding its trend higher.