| Last | Change | Percent | |
| S&P Futures | 1369.5 | 4.5 | 0.33% |
| Eurostoxx Index | 2298.9 | 7.3 | 0.32% |
| Oil (WTI) | 102.7 | -0.1 | -0.12% |
| LIBOR | 0.466 | -0.001 | -0.11% |
| US Dollar Index (DXY) | 80.09 | 0.206 | 0.26% |
| 10 Year Govt Bond Yield | 1.98% | -0.01% | |
| RPX Composite Real Estate Index | 172 | 0.8 |
Equity futures are rising this morning on better than expected retail sales data. Citi missed earnings estimates and traded down a couple of bucks early, but has recovered as people digest the internals of the earnings report.
Empire Manufacturing came in lower than expected on weakness in China and Europe. While still positive, the pace of expansion has slowed. The forward-looking indicators continue to weaken, which is something to keep an eye on.
Spanish credit default swaps continue to increase in price, and have passed their high from last November during the Greek crisis. 10 year CDS for Spain are trading at 476 basis points. Spain's GDP is the 12th largest in the world, so any default there will not be as tame as Greece. Their banks are much more household names - Banco Santander has the same market cap as Goldman. Paul Krugman is nonplussed.
11 state AGs sent a letter to Acting FHFA Ed DeMarco urging him to allow principal reductions on Fannie and Fred loans.
Earnings season gets in full swing this week.
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