Some big names have reported today including Credit Suisse, Airbus and Barclays which reported profits heavily down on previous year but better than expectations.

In the US, initial jobless claims data is due and will have the market’s attention. January inflation data for the Eurozone is also due today.

Positive economic data released in the US is fuelling inflation concerns for some investors who fear good news may become bad news for risk assets. We also note that the price of oil has been rallying strongly recently with futures reaching 12 month highs yesterday.

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