In the US markets, stocks ended mixed with the Dow ending its winning streak, closing fractionally lower after rising for eight straight sessions as hopes for a possible resolution to the political unrest in Egypt lifted equities off their intraday lows. For the most part, risk-sensitive asset markets held up.
In economic data,- New claims for jobless benefits fell to their lowest level in 2.5 years down 36,000 to settle at a seasonally adjusted 383,000.
- Wholesale inventories climbed 1% to their highest level in almost two years while sales rose much less than expected.
- Business inventories rose to USD 430.5 billion, the highest since January 2009.
- Foreclosures continued their upward climb in January surging 12%.
- The US treasury monthly budget report showed a January deficit of USD 49.8 billion versus $80.0 billion last month.
- The US international trade gap in January is expected to rise to USD 40.5 b from USD 38.3
- The University of Michigan
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