Some of the Morning’s Highlights and Lowlights

A quick roundup of some of the news that will shape sentiment in the early part of the day:’

(From various sources – Bloomberg, Briefing, NYT, WSJ and others)

  • Initial Claims 370K vs 382K consensus; Prior revised to 395K from 393K
  • Continuing Claims falls to 3.205 mln from 3.305 mln
  • ECB President Draghi Press Conference- Kept rates unchanged due to high energy prices; says inflation expected to slide to below 2% in 2013
  • ECB President Draghi Press Conference- says some economic data has stabilized at low levels
  • Draghi Says Europe Growth Weakness to Extend Into 2013 Before a Recovery
  • Egyptian Presidential Guards Deployed Outside Palace After Deadly Clashes
  • Honda Set on Becoming Net Exporter of Autos From North America
  • Beijing Eases Visa Rules on Tourists to Spur Arrivals, Spending
  • Copper Declines on Concerns About Global Economic Growth
  • Oil Trades Near One-Week Low as U.S. Distillate Supplies Surge
  • Apple Declines Most Since 2008 on Nokia China Deal, Google