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TradeTheNews.com Mid-Session US Update: Equties Retreat from All-Time Highs   
Tue, 03 Mar 11:34 AM EST/04:34 PM GMT
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Economic Data
- (US) Goldman Economist: Chain Store Sales w/e Feb 27th w/w: 0.0%; y/y: +1.8%
- (SG) Singapore Feb Purchasing Managers Index: 49.7 v 49.9 prior; Electronics Sector Index: 49.8 v 50.5 prior
- (CA) Canada Dec GDP M/M: 0.3% v 0.2%e; Y/Y: 2.8% v 2.5%e; Quarterly GDP Annualized: 2.4% v 2.0%e
- (CA) Canada Jan Industrial Product Price M/M: -0.4% v -0.8%e; Raw Materials Price Index M/M: -7.7% v -6.3%e
- (US) Redbook Retail Sales w/e Feb 27th: +2.6% y/y, Feb MTD: +0.8% m/m; FEB MTD +2.7% y/y
- (EU) Weekly ECB Forex Reserves: €246.4B v €245.7B prior
- (MX) Mexico Dec Gross Fixed Investment: 5.5% v 5.7%e
- (US) Feb ISM New York: 63.1 v 44.5 prior
- (US) Mar IBD/TIPP Economic Optimism: 49.1 v 47.5e
- (DK) Denmark Feb Foreign Reserves (DKK): 737.3B v 729.1Be

The Nasdaq has backed away from 5000 today and the S&P500 has come off all-time highs. US equities have followed European stocks lower in the absence of any major catalysts. As of writing, the DJIA is down 0.60%, the S&P500 is down 0.55% and the Nasdaq is down 0.90%.

The US Dollar index rose above 95.50 this morning to its highest level in 11 years. EUR/USD crept closer to the YTD lows, dropping to 1.1160 before ticking slightly higher. USD/JPY nudged above 1.20, with the yen at its weakest level since mid January, although the pair has retreated to 119.5 today. Note that the 10-year UST yield is moving up a few basis points today, to 2.096% even as equ ...
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