Uncomfortable calm has settled over global markets this morning


US Market Update: Dow +9 S&P +2.2 NASDAQ +8 Economic data – (BR) Brazil Jan Tax Collections (BRL): 102.6B v 93.7Be – (MX) Mexico Jan Unemployment Rate: 4.9% v 5.1%e – (MX) Mexico Jan Preliminary Trade Balance: -$287.2M v +$160.0Me – (US) Feb Final University of Michigan Confidence: 75.3 v 73.0e – (US) Jan New Home Sales: 321K v 315Ke – (MX) Mexico Q4 Current Account: -$3.5B v -$2.0Be – Uncomfortable calm has settled over global markets this morning as Greece begins its debt swap. European

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