US equities have opened on a firmer note than the S&P futures would have implied. There was a “sell the news” reaction to Goldman’s strong earnings, but on balance, earnings season has been spectacular. Also helping the markets are a steady trickle of firmer US economic data, suggesting a stabilizing economy that could see deficits begin to moderate. Could, being the operative word…
The S&P is down about 2 points at present.
EUR/USD has firmed back above the 1.4900 level, now at 1.4905.
