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Fundamental Afternoon Wrap: Dutch concerns ´clogg´ up European sentiment

A relatively quiet afternoon has been reflected in this afternoons institutional research, with Europe coming back onto the near term horizon following some tricky Dutch development which have added to the negative sentiment coming out of Italy. However, with Bernanke´s "soothing" performance yesterday, the feeling seems that the sequester, is not so much of a big deal as it probably should be. Looking east, Abe has announced the BoJ leadership nominations and Australian data looks supportive enough for analysts to negate any further rate cuts on the horizon.
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US: EIA Natural Gas Storage drops -171B in Feb-22

In the week ending at February 22, natural gas storage dropped -171B, more than the -165B expected. In the week before, data had fallen by -127B.
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