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American equity markets in the green Friday following G20

The US Stock market experienced a slightly positive opening Friday, as investors digest the statement of the G20, which has sent the yen plummeting. In the United States, Net Long-term TIC Flows (December) were reported at $64.2B, relative to $54.2B in the previous month. Moreover, Industrial Production (MoM) has contracted -0.1% in January, against expectations for a +0.2% growth. Finally, the Reuters/Michigan Consumer Sentiment Index (February) came in at 76.3, vs. projections of 74.8.

Beginning with the indices and composites, the NASDAQ rose +0.09% as it settles in region of 3202.20, up +2.76 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1522.88, ascending -1.52 points or +0.13% at the time of writing. Finally, the Dow Jones has moved higher at the opening as well, trading in the zone of 13981.15, presently +0.06% after a movement of +7.76 points.

Sectors are all in the green at the opening, however the Energy and Basic Materials sectors have distinguished themselves as the lone losers thus far, falling -0.43% and -0.23% respectively. In other news, the price of crude has settled above USD $94.45 Friday.

Fundamental Afternoon Wrap: G(20)roundhog day as G20 set to fall in line with G7

With the weekend almost upon, we have taken a look across institutional research released this afternoon and note one distinct theme, namely that the G20 is unlikely to deviate too far from the G7 consensus and Japan will largely avoid being singled out as a currency manipulator. Elsewhere, Europe is noted as being on a long, slow road to recovery, while the UK´s economy appears to be going from bad to worse.
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Forex Flash: Technically, GBP/USD looks bullish - Nomura

Nomura Strategist Saeed Amen has taken a look at GBP/USD from a purely technical perspective.
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