CNBC reports that like Citigroup and Bank of America, JP Morgan says it was solidly profitable in January and February. US equities have bounced back into positive territory on the report.
Also crossing the wires are comments from Obama saying the US auto sector will have to be restructured but that the White House has not been presented with a plan yet.
Secretary of State Clinton is on thw wires as well, calling the Chinese stimulus package a positive step.
EUR/USD is back above 1.2800, eyeing stops above the 1.2825 level; offers are at 1.2815/20 and 1.2840.
