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10 Things You Need To Know This Morning

Mamta Badkar

Good morning. Here's what you need to know.

  • Asian markets were mixed in overnight trading with the Nikkei down 1 percent on a stronger yenChinese markets are closed for the New Year holiday. Europe is mixed and U.S. futures are modestly higher.
  • The much awaited advance January retail sales report indicated that sales grew 0.1 percent last month, right in line with expectations. Excluding autos, sales rose 0.2 percent, ahead of expectations of a 0.1 percent rise. Excluding autos and gas, however, sales only rose 0.2 percent versus estimates for a 0.4 percent advance.
  • Import prices climbed 0.6 percent, and export prices were up 0.3 percent in January. Business inventories for December will be out at 10 a.m. ET. Consensus is for inventories to rise 0.3 percent MoM. Follow the release at Business Insider >

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