Stocks quiet ahead of data-filled week

|By:, SA News Editor

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%.