From NASDAQ.:

Asia-Pacific equity markets ended mixed, with South Korea and Taiwan down, while Japan, Australia, India, China, and Hong Kong saw gains. European markets are mostly lower, with mixed U.S. equity futures. No significant economic data or earnings, but upcoming GDP and inflation data could impact rate cut expectations. Data shows Japan’s inflation rate dropped to 2.2% in January, core CPI at 2%. German consumer climate improved. In the US, Durable Orders and Consumer Confidence data expected today.

Sector returns showed Utilities, Communication Services, and Real Estate declining while Energy gained. Russell 2000 rose, Nasdaq Composite, Dow, and S&P 500 fell. Palo Alto Networks saw a 7.33% gain after noted investor Nancy Pelosi purchased call option contracts. Year-to-date market indicators show mixed results. Companies like American Tower, Lowe’s, Macy’s, and Shift4 Payments are expected to release earnings today. Pre-market breadth is healthy with Palo Alto Networks and Henry Schein seeing movement. Unity Software reported strong revenue growth. Expedia Group announced workforce reduction.

After-market close, companies like 3D Systems, Agilent, Beyond Meat, eBay, First Solar, and Splunk are expected to report. Looking ahead, economic data includes Eurozone sentiment and US GDP estimates. Japan, Germany, UK, and US data on retail sales, housing starts, jobless claims, income and spending, and manufacturing PMI’s will be released. Thought for the day: “Whenever you are about to find fault with someone, ask yourself…What fault of mine most nearly resembles the one I am about to criticize?” – Marcus Aurelius.



Read more at NASDAQ.:: Daily Markets: Markets in Holding Pattern Ahead of Inflation Updates