Cautiously optimistic comments from two British banks this morning: HSBC earnings were better than expected and the tone of the report was upbeat, with bad loans down. Barclays said it expects loan losses to peak in the first quarter of 2010. Read More
Futures popped 8 points as the nonfarm payroll report, with a loss of 247,000 jobs, was better than even the consensus of a loss of 275,000. It was the best monthly number since August 2008. Read More