The Fuse
Stock futures are modestly higher but well off their best levels of the overnight session. AFter yesterday’s tumble the bulls are trying to right the ship today and may get their chance if volatility declines later in the day. January’s job report coming up an hour before the open.
Europe dropped modestly overnight, the STOXX index down .2% led by decreases in France and Germany. The FTSE though added .3%, crude oil gained more than 2% and is above $65, gold is higher as well by nearly 2% and silver is rising. German bund yields fell 1bp, stocks in Asia were higher, Hong Kong up .3% with Shanghai higher by .1%.
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