US Market closed Higher with volume still lower that average...VIX @ 14.14 -1.12%...S&P hold its 50d MA...
China y/y CPI tops estimates, remaining at 2.5% in Jan and matching an 8- month low. Incidentally, m/m rate predictably accelerated in the month leading to Lunar New Year holiday, rising by an 11-month high rate of 1.0%. Food inflation once again outpaced non-food inflation, rising 2.4% m/m and 3.7% y/y vs 0.3% and 1.9% non-food. Separately, shadow banking worries simmered a littl hotter after China press reported as many as 6 trust firms may have up to a CNY5B exposure to the troubled Shanxi Liansheng Energy. Analysts have previously expressed some concern that the turmoil related to ICBC's China Credit Trust products was the "canary in the coal mine", as coal prices fall and investment dries us.
Eur$ 1.3702 S&P Fut. -0.18% European Fut +0.07%
-Emerging Market Stock Funds Have 16th Week of Outflows: Citi
Keep an eye on :
- BSY LN : BSkyB, BT in Advanced Talks to Share Rugby Coverage: Telegraph
- EDF FP : EDF ‘Overwhelmed’ by Nuclear Reactor Upkeep Operations, ASN Says
- ETL FP : Eutelsat Confirms Outlook as First-Half Net Drops 18%
- GSZ FP : GDF Says Long-Term Gas Deals Must Be More Flexible to Survive
- KVAER NO : Kvaerner 4Q Sales Rise More Than Est.; Declares NK0.61/Shr Div
- MB IM : Bollore to Raise Mediobanca Stake as No Partner Found: Sole
- MUV2 GY : Munich Re Forecasts 16 Percent Islamic Family Insurance Growth
- ORI SS : Oriflame 4Q Net Misses Est.; Proposes to Cut Dividend
- PUB FP : Publicis May Distribute Funds to Sharholders, Levy Tells Figaro
- SCHP VX : Schindler Sees Rev. Up 6%-8% in Local FX After 2013 Sales Rise
- TKA GY : ThyssenKrupp Reports EU247m Profit, Beating Analysts’ Estimates
- UL FP : Unibail-Rodamco Enters Deal With CPPIB on Shopping Center
- UNr1V FH : Uponor 4Q Loss Wider Than Ests.; Keeps Dividend Unchanged