There wasn’t a lot in the way of news or data last night. About the only thing of interest was a speech from the St Louis Fed President James Bullard -- and it wasn’t necessarily market-friendly.
Well, it was and it wasn’t. He was more upbeat on the US economy -- but then again he had to be after last Friday’s payrolls report -- and being upbeat on the economy is good. On the other hand, he reckons the Fed may raise rates sooner than expected.