Scoreboard: Waiting on Yellen

Markets were muted despite positive data ahead of the Fed chair’s monetary policy speech.

It doesn’t look like there’s too much going on in the market at the moment. The absence of any major economic news or data flow didn’t help and I suspect investors are also waiting to hear US Federal Reserve Chair Janet Yellen give her monetary policy report to Congress tonight. While data was light, it was generally positive – investor sentiment in Europe rose to 13.3 in February, from 11.9.

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