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EUROPEAN STOCKS: Major European bourses are initially seen trading narrowly mixed Friday. Spreadbetters Cantor Index are calling the FTSE flat, the DAX up 7 and the CAC up 1.
US STOCKS: US stocks closed mixed, with the Dow Jones Industrial Average down 11 points at 12705.41 and the Nasdaq Composite up 11 points at 2859.68.. US index futures are trading flat to very modestly lower Friday. The Nasdaq Mar contract was last unchanged at 2491.0, with the S&P Mar contract down 0.4 points at 1322.3. Dow futures are also modestly lower, down 6 points at 12660.
JGBS: Japanese government bond prices were firmer and well supported by investors' dip-buying following smooth results of the 10-year bond auction on Thursday. The 10-year bond yield fell to 0.940% for the lowest level since Jan. 16. But the rise in JGB prices was small as bond players were cautious about actively buying bonds ahead of the US jobs data for January due out later today.
JAPAN STOCKS: Japan's benchmark stock indices ended Friday's session lower. The Nikkei ended down 0.0.51%, to stand at 8831.93. The broader-based TOPIX was lower by 1.06 points at 761.39.
FX MARKETS: The euro opened in Asia at $1.3144 after trading a $1.3090-1.3187 range in NY in somewhat directionless trading ahead of this afternoon's NFP payroll release and an outcome to the Greek/PSI agreement. Asian markets have seen any risk sentiment slowly evaporate ahead of the data, with model fund supply the main driver behind a fall this morning to $1.3114 from $1.3152, before the pair settled around $1.3130. Cable tracked the move lower to $1.5786 from $1.5810, before rallying to $1.5824 on some euro-stg selling as the cross fell from stg0.8320 to stg0.8300. Dollar-yen continues to virtually flat-line around Y76.20 with the cross mirroring euro-dollar through Y99.93-100.23. Aussie was a similar tale drifting off from $1.0715 to $1.0675 on weaker Chinese non-mfg PMI and easing equity markets. Euro-swiss continues to hover just above chf 1.2050 after stand-in SNB chairman Jordan reiterates the SNB's intention to defend the chf1.2000 peg.
OIL: Crude futures are trading modestly higher in Asian trade Friday, although tied to a narrow range. The contract was last 6 cents higher at $96.42, having traded a range of $96.36 to $96.82.
Technical Analysis
BUND: (H12) Daily Studies Remain Positive, Support at 21-DMA
 Click on image to enlarge!
RES 4: 140.60 Bollinger band top
RES 3: 140.16/23 1.75% yield, High 13 Jan
RES 2: 140.00 1% volatility band
RES 1: 139.89 High 31 Jan
PREVIOUS CLOSE: 139.39
SUP 1: 138.95 21-day moving average
SUP 2: 138.88 Low 2 Feb
SUP 3: 137.82 Gap base from Jan 25
SUP 4: 137.59 55-day moving average
COMMENTARY: H12 formed a weak potential hammer-top, but upside risks persist as the daily stochastic confirm a bullish cross and 10-day momentum edges into positive territory. This also comes with a bull-cross in the 5 & 21-DMAs as the 21-DMA provides initial support.
Eurostoxx50 Techs: Recovers 200-Day Moving Average
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RES 4: 2523.9 61.8% retracement of 2887 decline
RES 3: 2510.0 Bollinger band
RES 2: 2506.2 High 28 Oct
RES 1: 2490.4 High 2 Feb
PREVIOUS CLOSE: 2478.2
SUP 1: 2449.0 200-day moving average
SUP 2: 2440.0 5-day moving average
SUP 3: 2397.5 Low 30 Jan
SUP 4: 2392.0 21-day moving average
COMMENTARY: The studies are sending mixed signals, including the stochastic showing bear-divergence. Nonetheless, the market closed over the 200-DMA and in the longer-term, maintaining this break will provide a big encouragement for bulls.
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