Europa EOG volume through the roof, heading to 10p tomorrow ?

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FTSE / DOW

Good morning traders!

In the US last night, the Dow rose 116 points to 16,374, the Nasdaq added 70 points
at 4,183 and the S&P500 gained 20 points at 1,839.

In Asia today, the Nikkei was recently up 320 points at 15,742 and the Hang Seng
ahead 94 points at 22,885.

WTI crude oil traded at $92.59 a barrel and Brent crude at $106.39.

Gold settled at $1,245 an ounce.

Good hunting!

G.

CHF Retail Sales y/y 4.2% 2.3% 1.6%

Opening Market Overview

Apple’s China Mobile deal to extend beyond handsets

BEIJING — Apple Inc.’s deal with China Mobile Ltd. to sell iPhones won’t be limited to handsets, but will also entail broad cooperation between the two companies, the chairman of the world’s largest carrier said Wednesday.

China Mobile HK:941 -0.52% CHL +1.08% Chairman Xi Guohua said that already multi-millions of Apple’s iPhones have been ordered by its customers, signaling strong demand for the device. Apple’s AAPL +1.33% iPhones will begin selling at China Mobile, the world’s largest carrier by subscribers, starting Friday.

Midday Market Overview

Bank of America's 4Q net surges as credit improves

Bank of America Corp.'s BAC +2.86% fourth-quarter profit surged sharply, beating analyst estimates, as the banking giant bounced back from a year-ago weighed down by one-time charges, while also benefiting from stronger credit quality.

The bank logged large litigation expenses but benefited from a narrower loss in its consumer real estate division, which includes mortgage banking, even as mortgage originations slowed.

Charlotte-based Bank of America reported a profit of $3.44 billion versus a profit of $732 million for the fourth quarter of 2012, which was weighed down by charges tied to a $11.6 billion settlement with Fannie Mae (FNMA).

On a per-share basis, the bank reported a profit of 29 cents, compared with the 26 cents a share expected by analysts polled by Thomson Reuters. Revenue climbed 15% to $21.49 billion, compared with analysts' expectation of $21.24 billion.

USD PPI m/m 0.4% 0.5% -0.1%

USD Core PPI m/m 0.3% 0.1% 0.1%

USD Empire State Manufacturing Index 12.5 3.2 1.0

End-of-day Market Overview