Morning Report

Posted on January 17, 2012 by Brent Nyitray

Vital Statistics:

Last Change Percent
S&P Futures 1300.9 12 0.93%
Eurostoxx Index 2397 35.460 1.50%
Oil (WTI) 100.77 2.070 2.10%
LIBOR 0.5623 -0.003 -0.46%
US Dollar Index (DXY) 80.821 -0.658 -0.81%
10 Year Govt Bond Yield 1.90% 0.04%
S&P futures are up after a 3 day weekend that started with S&P downgrades in Europe. Markets seem to be taking comfort in the Chinese GDP report last night that came in stronger than expected. Meanwhile Greece continues talks with bondholders regarding its upcoming 3/20 interest payment.
Earnings season gets into full swing this week, with Citigroup and Wells Fargo reporting this morning. Citi missed earnings on a drop in trading revenue, while Wells beat on stronger mortgage lending operations. Citi is down about 3 percent pre-open, while Wells is up about a percent.
In economic data, Empire State Manufacturing came in strong at 13.48 vs 11 expected.

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