Equities: Another flat day for equities, though they finished marginally higher. US inventory data came out positive, and borrowing came in worse than expected. Some conflicting data is still providing a lack of direction for stocks. Wonder what the implications of a large US deficit will be going forward. As this seems to be the norm across developed countries, we could see double dips around the world due to fiscal tightening.
Currencies: The Pound well today but pared most of its losses as the trading day went on. The Euro rose slightly, still trading around the same level over the past few weeks. Some words coming out that the Greek crisis is no longer an issue, but I don't believe it frankly. Looking like the politicians are trying to sweep the issue under the rug, but lets see if it resurfaces in the future.
Commodities: Oil was pretty flat on the day, inventories rose but less than expected. Gold was also flat on the day. Nothing exciting on the commodities front today, hopefully we some more action later on.
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