Seeking Alpha

Stocks quiet ahead of data-filled week

Stocks look for a quiet open ahead of a data-heavy week in the U.S., which begins with two manufacturing reports today; Dow +0.1%, S&P flat, Nasdaq -0.1%.

China's latest PMI data was a disappointment, but several manufacturing reports from economies across the euro zone surpassed estimates; European bourses trade little changed, Japan's Nikkei index shed 2% as a stronger yen weighed on exporter shares, and Chinese markets were closed for Lunar New Year.

Despite the apparent calm start to the week, investors remain cautious because trouble in emerging market currencies could flare up again at any time; overnight, the Turkish lira was little changed and the South African rand and Hungarian forint rose slightly vs. the dollar.

Treasurys display modest losses, with the 10-year yield up 2 bps at 2.67%.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs