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American equity markets barely changed after GDP data

The US Stock market experienced a modestly positive opening Thursday, after the release of several US indicators. In the United States, Gross Domestic Product Annualized (Q4) came in at just +0.1%, against expectations of +0.05%. In addition, the Gross Domestic Product Price Index (Q4) grew +0.9%, vs. estimates of only +0.6%. Initial Jobless Claims (February 22) were reported at 344K, against a projected figure of 360K. Finally, Personal Consumption Expenditures Prices (QoQ) have grown +1.5% in the fourth quarter, compared with +1.2% previously.

Beginning with the indices and composites, the NASDAQ rose +0.29% as it settles in region of 3172.54, up +9.30 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1519.30, ascending +3.05 points or +0.18% at the time of writing. Finally, the Dow Jones has moved lower at the opening, trading in the zone of 14073.69, presently -0.01% after a movement of -1.68 points.

Sectors are nearly all in the green currently, however the Basic Materials and Energy sectors have distinguished themselves as main losers thus far, falling -0.25% and -0.11% respectively. In other news, the price of crude has settled below USD $92.90/bbl Thursday.

Forex: GBP/USD erasing daily gains after US data

The GBP/USD has been erasing its daily gains little before the release of US data. While the annualized GDP Q4 growth was even worse than expected, of 0.1% instead of 0.5%, quarterly data rose 0.9% instead of 0.6%. That and improving jobless claims send the pair down to 1.5159, almost to the opening price of 1.5157, as the NY session started.
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Forex: USD/JPY upside stalled at 92.40

The USD/JPY has been strengthening as the European morning ended and was preparing to pass the torch to the US. From 92.02 on a risk-off flow, the pair recovered and went as high as 92.40 on the NY opening. The market has been finding resistance there since the Asian session drop below it.
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