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Market News


Opening calls are indicating a flat open in Europe amid Greece debt talks.

Asian stocks erased losses on speculation euro area finance ministers meeting today will approve a second financing accord for Greece.

In the US, the Dow Jones industrial average rose 6 points, or less than 0.1%, to end at 12,884. The S&P 500 added 3 points, or 0.2%, to 1,350. The Nasdaq rose 12 points, or 0.4%, 2,916.

Events Today

The European Central Bank is widely expected to leave interest rates on hold on Thursday, ahead of a second round of long-term refinancing operations (LTROs) from the bank on February 29.

The Bank of England’s Monetary Policy Committee is also expected to keep rates on hold at its monthly meeting Thursday morning.

The markets will be watching ECB President Mario Draghi’s press conference after the meeting for any signs of whether the central bank will take a haircut to the value of the Greek government bonds it holds.

 

In the U.S., weekly jobless claims are awaited anxiously after a better-than-expected January employment report. Traders will be watching for any signs that the U.S. economy is rebounding.