OVERNIGHT MARKETS AND NEWS
The dollar index (DXY00 +0.19%) is up +0.25%. EUR/USD (^EURUSD) is down -0.32%. USD/JPY (^USDJPY) is down -0.06%.
Mar 10-year T-note prices (ZNH18 +0.09%) are up +2.5 ticks.
ECB Governing Council member Nowotny said the end of the ECB asset-purchase program is “within sight.”
The German Dec unemployment change fell -29,000, stronger than expectations of -13,000. The Dec unemployment rate was unch at 5.5%, as expected and the lowest since German reunification in 1991.
The UK Dec Markit/CIPS construction PMI fell -0.9 to 52.2, weaker than expectations of -0.1 to 53.0.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications, (2) Dec ISM manufacturing index (expected unch at 58.2, Nov -0.5 to 58.2), (3) Nov construction spending (expected +0.5%, Oct +1.4% m/m), (4) minutes of the Dec 12-13FOMC meeting, (5) Dec total vehicle sales (expected 17.50 million, Nov 17.40 million).
