Happy Friday eve! (C'mon, let Miss Morning Sunshine rub off on you...don't fight it.) Here's what you need to know to start powering through the day:
BoE DAY: Not as exciting as the expected D-Day- they kept rates on hold despite high inflation.
NO REIGN IN SPAIN: Moody's downgrades Spain's government bond ratings a notch from Aa1 to Aa2.
RED: Thank the Chinese. The red sea is coming across the pond to futures, too.
DER TRADE: An unexpected export drop narrowed Germany's trade surplus to 11.8b Euros in Jan from a revised 14.2b the month prior.
ECON RECON: Jobless Claims and Trade deficit at 8:30a are biggies. Trade expected to edge up to $41.5b; Jobless Claims expected to rise 378k.
GRAIN PAIN: They're down ahead of the US crop report, expected to show large soy bean supply.
NO LOVE: Some of the big Canadian banks are speaking out against the LSE/TMX deal.
WHAT THE??: So apparently it was OK for the former SEC counsel who inherited a Madoff account from his mom to cash it out before the fraud was discovered. Mary Schapiro will be grilled today by the oversight committee. This will be better than Mad Men.
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