Analysis details (12:32)
US equities are mixed with the Dow outperforming its peers being the only major index in positive territory. Markets received a minor lift from positive sentiment induced by better than expected macro data in the form of US Weekly Jobs data, US Manufacturing PMI and Leading Indicators, however this move has been mostly retraced as participants concentrate on earnings season with Microsoft due to report after market today. This positive data saw a bid tone in equities and caused downside pressure in treasuries where the move lower was exacerbated after going through 18th January high of 132.08. In terms of sectors in the S&P 500 9/10 are in the green, the laggard being technology which is down 2.30% thanks to poor earnings from Apple last night which had repercussions throughout the tech sector.
USD/JPY has been persistently grinding higher throughout the session, but the pair has experienced some downside pressure in recent trade after briefly breaking through the psychological level of 90.00.
WTI and Brent crude futures trade in positive territory moving higher following increased risk on appetite throughout the asset classes, with the WTI-Brent spread narrowing on speculation that the Seaway pipeline will soon resume full shipments.
24 Jan 2013 - 12:31 - Equities Data - Source: RANsquawk
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