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US Mid-Morning Recap by TradeTheNews Staff - Treasury futures opened higher on in the pit and gains were extend by weekly initial jobless claims that was ahead of the estimate and then followed by weaker than expected January industrial production data. The yield on the 10-year note has...

- The European indices are currently trading in negative territory in the session. Indices opened slightly higher after a series of mixed earnings reports ahead of the open, but slowly drifted lower during the session. - European government bonds are currently trading higher after the ECB...

- Euopean government bonds closed higher in yesterday's session tracking treasuries in the US after comments from the FED's Bernanke. - The Focus in today's session will fall upon the ECB' monthly report for the month of February, which is due out at 4:00 ET. Recall that in January monthly...

Asian Market Update: Japanese GDP stronger than expected as personal consumption rebounds - Japanese GDP data was strong, but not strong enough to significantly boost expectations of a BoJ rate hike at the Feb 20/21 meeting. After bad weather weighed down personal consumption in Q3 data...

- Indices opened higher and treasury yields dipped after the January advanced retail sales report was somewhat subdued. In his prepared remarks ahead of today’s testimony, Bernanke noted the Fed sees signs inflation pressures are beginning to diminish but their predominant concern continues...

Energy Market Preview by Trade the News - The EIA releases its weekly inventory data today at 10:30 a.m. Crude inventories are expected to have risen 1.0M barrels, gasoline inventories to have climbed 2.0M barrels, distillate inventories to have fallen 4.0M barrels. The refinery utilization...

Treasury Market Preview by Trade the News - In focus today is the release of Advance Retail Sales for Jan at 8:30 a.m., Business Inventories for Dec at 10:00 a.m. and Fed Chairman, Bernanke's testimony to the Senate on the economy and Fed policy at 10:00 a.m. In pre-market releases, MBA...

- The European indices are currently trading in positive territory in the session led higher by the commodity stocks on higher commodity prices, as well as positive earnings reports from Total and Electricitie de France ahead of the European open. - European government bonds are trading rather...

- European government bonds closed lower yesterday after preliminary GDP figures showed that growth in Europe was stronger than expected, boosting the odds of another interest rate hike. - With no major economic data in the session focus will fall upon a speech made by the FED's Bernanke at...

Asian Market Update: Japanese trade surplus drops unexpectedly during December, as exports remain firm - Japan's December current account surplus fell unexpectedly (DEC CURRENT ACCOUNT: ¥1.78T V ¥2.04TE; ADJUSTED: ¥1.87T V ¥2.02TE) and fell by 5.0% y/y. The firmness in exports suggests...

US Mid-Morning Recap by TradeTheNews Staff - AA +6.6% is leading the Dow higher after reports surfaced overnight from London that BHP or RTP may bid up to $40B for the Co. Metals and Mining stocks along with other materials names are seeing gains. AL +4.5% CENX +5% ACH +2% NUE +3% STLD +4%...

Energy Market Preview by Trade the News Staff - The EIA releases its weekly inventory data tomorrow. According to a major wire survey, crude inventories are expected to have risen 600,000 barrels last week, gasoline inventories to have climbed 2.0M barrels and distillate inventories to have...

Treasury Market Preview by Trade the News Staff - On the U.S. calendar today are the releases of the Trade Balance for Dec. at 8:30 a.m. and the IBD/TIPP Economic Optimism Index for Feb. at 10:00 a.m. The trade balance deficit is seen rising to $59.7B from $58.2B. No Fed speak is scheduled...

- The European indices are currently trading higher with the exception of the SMI. The European indices are being led higher on a series of favorable earnings reports. - European government bonds are currently trading lower in the session, but are off their worst levels. Long gilt futures are...

- European government bonds closed lower in yesterday's session ahead of a busy week on the economic front. The Euro-Bund future fell to a two-week low during yesterday's session. According to some analysts the Euro-bund is seen hitting 114 the figure before gaining any sustainable long term...

Asian Market Update: JPY firms and JGB yields rally ahead of Japanese GDP data - Ahead of Thursday's GDP data, the JPY is gaining despite January domestic corporate goods prices falling by 0.2% m/m v 0.0% expected. Expectations for a stronger preliminary Q4 GDP number are driving the trading...

US Mid-Morning Recap by TradeTheNews Staff - With no US Data on the docket until this afternoon’s January budget statement markets are fairly quiet. Even reports of an explosion at a US Army base in Japan have had little to no impact on trading. As has been typical with Monday sessions...

- The European indices are currently trading sharply lower on fears that earnings growth in the technology industry will slow down. An analyst at Julius Baer said earlier today that that the decline in the technology sector can largely be attributed to poor market sentiment. - European...

- European government bonds traded sharply lower on Friday following a hawkish post-meeting speech given by the ECB's Trichet on Thursday, as well as stronger than expected industrial production data in Itlay and France. - With no scheduled economic releases, speakers, or new supply, and no...

Further weakness in JPY expected as G7 fails to single out the weak currency - No specific mention of yen weakness in G-7 final statement: The G-7 group failed to single out the weak JPY, but the ECB's Trichet did warn of the risks associated with the build up of carry trade positions. G-7...