Photo: Tony Manfred/Business Insider
The news of the morning: Markets are not getting pounded.At least at the moment, European stocks and US futures are in a drift higher, reversing the trend of the last few days.
Italy is up 0.7%
Spain is up 1.1%
Germany is flat.
Yield on the German bund is ticking up ever so slightly, as is the yield on the US 10-year, both of which plunged to record low levels.
Today begins Day 1 of the Economic Super Bowl, as we get a huge slew of economic data in the US, including Initial claims, GDP, and the ADP jobs report. Should be fun!