Good Afternoon. The markets are in good cheer so far this morning, with Stock futures taking the expected re-selection of Ben Bernanke to be good news. We have a bit more data to chew on today and it comes from the consumer side of the equation. First up is the Case-Schiller House Price report, at 13.00 GMT and then Conference Board’s consumer confidence data due an hour later.
Usd/Jpy just tested the 94.00 level but was quickly repelled and has bounced back up to 94.20 in impressive fashion, as today’s 94.00 and 94.50 option expiries, that Gerry mentioned earlier, make their effect felt.
