From Nasdaq:

Asian-Pacific equity markets closed higher today, except for Taiwan’s TAIEX which fell 0.20%. European and U.S. markets are up, but U.S. equity futures are pointing to a mixed open. Atlanta Fed President Raphael Bostic expressed concerns about inflation not declining to the Fed’s 2% objective. He cites the January Producer Price Index (PPI) report, expected to show a decline in headline wholesale inflation.

Retail sales volumes in the UK rebounded by 0.7% year-on-year in January, exceeding market expectations of a further decline. The January PPI report will be released today, along with data for Housing Starts & Building Permits and the preliminary February reading for the University of Michigan Consumer Sentiment Index. The energy sector led the market yesterday, with a 2.79% gain, while all other sectors had a fairly strong day.

American Axle, Cinemark, TreeHouse Foods, US Cellular, and Vulcan Materials are expected to release quarterly earnings today. Applied Materials reported better-than-expected quarterly earnings, while Coinbase beat consensus revenue expectations. Nike plans to reduce its workforce by about 2%. No companies are expected to report quarterly results after equities stop trading today.

Looking ahead, the ECB’s Non-Monetary Policy Meeting, weekly EIA crude oil inventories, and the FOMC Meeting Minutes are on the horizon. Tuesday through Thursday next week will bring several key economic reports.



Read more: Daily Markets: Fresh Inflation Data Comes Ahead of Long Weekend