Syria remains in the forefront as the main risk asset market catalyst. They are reacting as normal when these types of events are imminent. The U.S. dollar is stronger vs. most currencies and oil prices are higher and holding onto to their gains.
Oil prices fluctuated yesterday on lots of news and lots of supply. An earthquake in Iran gave oil a pop, but after the close the American Petroleum Institute reported a whopping 5.1 million build in crude oil supply.
While the weather in China is very cold, it appears their economy is starting to get red hot. China’s export growth exploded, rising 14% in the month of December. Because of that petroleum demand, expectations are rising.