(As of 7:20 am PST)
US equities are lower to start
Friday’s session. With little economic data to dissect, investors turned to the
drama that continues to unfold between Greece and the Eurozone. A key meeting between Eurozone finance
ministers in Brussels today will hopefully provide some sort of deal regarding
Greece’s financial future. In the meantime, the uncertainty is beginning to
frustrate investors as complacency seems to be setting in. At home, the economic
calendar is light, however a “flash” reading of the Markit manufacturing PMI
showed manufacturing activity edging higher in February. In Asia, stocks
finished the week on a high note with the Japanese Nikkei hitting a 15 year
high. In Europe, stocks are down for the session but still on pace for strong weekly gains. Gold and oil are both lower today as are interest
rates while the US dollar continues to strengthen against most major world currencies.
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