LONDON (ShareCast) - The major US equity averages are now being called to the start the day with modest gains averaging about 0.4%.

That comes on the heels of remarks from three Fed officials over the last two days in which they have opted to put the emphasis on the recent weak readings for inflation, which in turn has ‘dovish’ implications for US monetary policy.

Market commentary is also highlighting the possibility of some additional monetary easing in the Eurozone as well as in the United Kingdom.

While today’s agenda is rather light in terms of macroeconomic data investors will be digesting a flood of corporate results.

Upon first inspection the majority of these appear to have come in slightly mixed in terms of how they compare to analysts’ forecasts for profit and revenue growth.

On the positive side of the ledger, and having beaten consensus forecasts, are Kimberly Clarke, Baker Hughes, Honeywell.

Some ‘heavyweights,’ such as GE, Mc.Donald’s and IBM, on the other hand, have undershot market estimates.

10 year US treasury yields are now rising by 1 basis point to the 1.69% mark.

Front month West Texas crude futures are now rising by 0.48% to the $88.18 per barrel mark on the NYMEX.

AB

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