Mar E-mini S&Ps (ESH17 -0.04%) are up +0.01% on positive carry-over from Friday’s employment data that showed U.S. employers added the most jobs in four months. European stocks are down -0.19%, led by losses in automakers, after Bank of America-Merrill Lynch downgraded the sector to underweight. Another negative for European equities is political risks from France where French presidential candidate Marine Le Pen unveiled her plans to take France out of the EU should she be elected in April. Losses in European stocks were limited after German Dec factory orders posted their largest year-on-year increase in over 5 years. Asian stocks settled mostly higher: Japan +0.31%, Hong Kong +0.95%, China +0.54%, Taiwan +0.87%, Australia -0.11%, Singapore +0.49%, South Korea +0.24%, India +0.70%.

The dollar index (DXY00 +0.14%) is up +0.14%. EUR/USD (^EURUSD) is down -0.42%. USD/JPY (^USDJPY) is down -0.12%.

Mar 10-year T-note prices (ZNH17 +0.31%) are up +12 ticks as they garner support form a rally in 10-year German bunds which rallied to a 1-1/2 week high.

Eurozone Feb Sentix investor confidence fell -0.8 to 17.4, stronger than expectations of -1.4 to 16.8.

German Dec factory orders rose +8.1% y/y, stronger than expectations of +4.2% y/y and the largest year-on-year increase in 5-1/3 years.


Key U.S. news today includes: (1) USDA weekly grain export inspections, (2) Philadelphia Fed President Patrick Harker (voter) speaks at a payment conference in San Diego.

Notable S&P 500 earnings reports today include: Tyson Foods (consensus $1.27), Lowes (0.63), Newell Brands (0.80), Sysco (0.54), Hasbro (1.28), Twenty-First Century Fox (0.49), FMC (0.88), Tesoro (-0.14), Macerich 1.16).

U.S. IPO’s scheduled to price today: none.

Equity conferences: Credit Suisse Financial Services Forum on Tue-Wed, Cowen Aerospace/Defense & Industrials Conference on Wed-Thu.


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