Markets Are Going Nowhere

Switzerland train snowWikimedia CommonsThe Wiesen Viaduct between Wiesen and Filisur, Switzerland.

There isn’t much action in the European markets right now.

Britain’s FTSE is flat.

France’s CAC 40 is up 0.1%.

Germany’s DAX is down 0.1%.

Spain’s IBEX is down 0.2%.

Italy’s FTSE MIB is flat.

This follows a day of very modest moves in the U.S.

Later today, the U.S. will release it’s latest monthly report on durable goods orders. Economists estimate orders fell 1.7% in January. Nondefense capital goods orders excluding aircraft — an important measure of business investment — is estimate to have slipped by 0.2%.

Also, Federal Reserve chair Janet Yellen will be testifying before the Senate Banking Committee for the second half of her Semiannual Monetary Policy Report to Congress.

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