Market Update

Swiss CPI coming out at -0.7% MoM, which leaves the expected rate hike from SNB in March very unlikely.

Today’s main event is the ECB’s accompanying statement, where it seems as if the market expects ’vigilance’ once again to be mentioned to secure a rate hike in March, but we tend to disagree.

Stocks still lacking momentum, but technology stocks in demand after Cisco forecasted sales that beat analysts’ estimates.

Oil testing bearish resistance line from August 2006, but unable to break it.