Asia was soft as Japan dumps 3% on earnings and CPI gains (CPI causing some to wonder if Kuroda accommodation could be eased). Nikkei futures fall below 14,000 – just last week they poked above 15,000.
Today started with 215k ESU and 900 SPU traded on Globex, trading range was 1674.90 — 1688.70.
U.S. Asset Managers: Weekly Fund Flows: Continued Strength in Equity and Fixed Income Flows, MMFs See Outflows. AMG/Lipper released mutual fund flows data for the week ending July 24, 2013. This week we are continuing to see strength across equity and fixed income flows. Equity flows had another $3bn+ week and taxable fixed income had its best week since March, also with $3bn+ in flows. While domestic equity and taxable FI are doing well, munis continue to show weakness, with another week of $1bn+ outflows. Money funds saw significant outflows as well.
478 million buy MOC
Opening Range: 1678.00
Volume: 2300 SPU 1.3 Million ESU