MY: US pre-open: Fed President sees solid growth in China
The main US equity benchmarks are now being called to open lower by 0.6% on average.
That after the release this morning of weaker than expected macroeconomic numbers in China and for the Eurozone.
At first glance the latest quarterly results out from Conagra and Dollar General have come in better than expected. Shipping giant Fed Ex, on the other hand, has offered weaker than expected financial guidance.
Of interest, comments from St.Louis Federal Reserve President James Bullard to the effect that he still sees solid growth in China, no evidence of a major slowdown.
MACROECONOMY
Initial weekly unemployment claims fell by 5,000, to the 348,000 mark (Consensus: 354,000).
The latest leading economic indicators and home price data for January are scheduled for release at 2pm.
OTHER MARKETS
Front month West Texas crude futures are falling 1.08% to the $106.11/barrel level in NYMEX trading.
10 year US Treasuries are now moving higher by 4/32 dollars, with yields at 2.28%.
