Stock markets in Europe and the US have been rebounding for the most part this morning after both the ECB and the Bank of England stayed the course at their non-event meetings this morning. ECB President maintained a dovish tone at his press conference but did not announce any plans to accelerate his stimulus plans even though data from Germany and Spain came in weak again. The Dax and MIB are trading in positive territory on the day while the FTSE, CAC and IBEX are posting moderate losses. US indices had tried to rally but the Dow ran into a brick wall near 16,500 as US jobless claims dove back under 300K a sign of a strong job market that keeps the pressure on the Fed to do something on interest rates sooner than previously planned. Gold and silver have stalled a bit with silver slipping back under $20.00 this morning but may remain active as political fears come and go. Grains are also dropping back a bit on no major news out of Ukraine overnight. In currencies today, NOK is rebounding and outperforming its peers on the back of better than expected Norwegian industrial production. AUD, on the other hand reversed yesterday’s gains and has been slammed lower as a disappointing Australian job report may keep the RBA in the neutral to dovish camp. CAD is holding its own against the greenback today but has the potential to be quite active over the next 24 hours with Ivey PMI due later this morning, and Canada jobs due tomorrow morning. Canadian stocks may also be active today with a number of earnings reports out from key companies. Corporate News Symantec $0.45 vs street $0.42 21st Century Fox $0.43 vs street $0.38 Canadian Tire $2.12 vs street $2.01 Agrium $4.37 vs street $4.07 Sun Life $0.80 vs street $0.72 Manulife $0.36 vs street $0.39 Great West $0.62 as expected Canadian Natural $1.04 vs street $0.99 BCE $0.82 vs street $0.84 Telus $0.62 vs street $0.58 Economic News Economic reports released overnight and this morning include: Bank of England decision no change to interest rate or QE as expected ECB decision no changes to interest or deposit rates as expected US jobless claims 289K vs street 305K Canada building permits 13.5% vs street (1.9%) Australia employment change (0.3K) vs street 13K Australia full-time jobs 14K vs previous (4K) Australia part-time jobs (14K) vs previous 20K Australia unemployment rate 6.4% vs street 6.0% Australia construction PMI 52.6 vs previous 51.8 NZ house prices 7.6% vs previous 8.0% Germany industrial production (0.5%) vs street 0.3% Spain industrial output 0.8% vs street 2.7% Norway industrial production 3.2% vs previous (4.0%) Norway manufacturing production 3.1% vs previous 2.4% Greece unemployment rate 27.2% as expected Economic reports due later today include: 10:00 am EDT Canada Ivey PMI street 53.0 vs previous 46.9 10:30 am EDT US natural gas street 83 BCF