The major US equity averages are now being called to open in a 'mixed' to flat fashion. That following the release of mixed economic data and financial results.

Of interest as well, speaking on Bloomberg TV the President of the Boston Federal Reserve, Eric Rosengren, has stated that talk of an 'exit' strategy from quantitative easing (QE) is premature. Nevertheless, he added that he does worry about the risks associated with QE.

Goldman Sachs has unveiled fourth quarter earnings per share of $5.60 (Consensus: $3.66). At $9.24bn net revenues beat by a wide margin (Consensus: $7.83bn).

Shares were moving up by %2.44 before the opening bell.

JP Morgan's fourth quarter earnings per share rose to $1.39 (pro-forma: $1.46), ahead of forecasts. Although the initial reaction in premarket trading was a small downwards move, to stand 0.22% lower, it has now turned around.

The US consumer price index for the month of December rose at a 0.3% month-on-month pace (Consensus: 0%).

The so-called 'core' rate, however, has come in a tenth of a percentage point lower than expected, at a 0.1 per cent month-on-month rate of change.

Industrial production grew at a 0.3% month-on-month pace in December, as expected. The previous month's reading, however, was revised up to show a contraction of just 0.3% month-on-month, instead of the preliminary estimate of 0.7%.

10 year US Treasuries are now rising by 3 basis points to the 1.81% mark.

Front month West Texas crude futures are now edging up by 0.06% to the 93.34 dollar level on the ICE.

AB

Related share prices
JP Morgan Chase & Co (JPM) share price