It's Quadruple Witching Day
Benzinga | Mar 15, 2013 07:42AM ET
U.S. equity futures were little changed in early pre-market trade as the latest European summit to target growth continued and the Japanese upper house of parliament approved the three new Bank of Japan board member nominations. Markets await to see if European leaders agree on more pro-growth policies or stick to austerity, as well as any new details on the bailout of Cyprus.
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In other news around the markets:
- The Federal Reserve criticized J.P. Morgan Chase (BWS ) is expected to report fourth quarter EPS of $0.08 vs. $0.10 a year ago.
On the economics calendar Friday, the consumer price index is due out alongside the Empire State Manufacturing Index. Later, TIC flows, industrial production, and consumer sentiment are due out. Also, Richard Fisher of the Dallas Fed is set to speak on too big to fail in Maryland. Also, traders take note that today is quadruple witching, which could cause some volatility into the close of markets as options and futures are settled.
BY Matthew Kanterman
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