HAPPY GROUNDHOG'S DAY!!! It either means that today's gloomy futures (stocks -0.04% and metals -0.50%) will foretell the trading for weeks ahead, or it means that we're stuck in a never ending repeat of reversals to previous levels like we had in January. What is different today however is that this morning's reports are beginning on the first day of the week/month:
Personal Income
Personal Spending
PCE Prices - Core
ISM Index
Construction Spending
--and there's also this:
- Reuters European markets subdued as Chinese data weighs European shares stalled and core bond yields held near lows on Monday following disappointing data from China, while Greek markets were volatile as the government pursued efforts to reach a compromise with its creditors. Some Greek bank stocks rebounded as much 22 percent as Greece's leftist government began its drive to persuade a skeptical Europe to accept a new debt agreement. Finance Minister Yanis
- Deflation the danger as China's factories struggle
- Oil prices fall on weak Chinese data, U.S. refinery strikes By Claire Milhench LONDON (Reuters) - Crude oil prices fell on Monday after U.S. unions called a refinery strike and activity in China's factory sector shrank for the second month in a row, quashing Friday's bullish mood. At 0938 GMT (4.38 a.m. ET) Brent crude oil futures were down $1.05 at $51.94… Reuters 56 mins ago
- Gloom-and-Doom Over as $1 Billion Swedish Fund Bets Big on U.S. “The U.S. has shown again that they’re the best in the world at everything -- they can be out for the count, but when they get momentum, they’re like an old steam engine and just go,” Christian Voboril, a fund manager at Coeli in Stockholm, said in an interview. Voboril, whose Coeli Select Sverige… Bloomberg
- Typical net worth by age: Where do you stand? Knowing your net worth can -- in fact -- be important, but in a limited scope. USA TODAY
- What could rock markets this week Central banks, along with corporate earnings, will be in play in the week ahead. CNBC's Pauline Chiou has more. CNBC Videos