Список проголосовавших за комментарий " S&P futures vs fair value: -0.50. Nasdaq futures vs fair value: +0.10.<p>Wall Street is ripe for a relatively flat open on Wednesday as investors lack a clear market-moving catalyst again this morning. The S&P 500 futures trade one point below fair value.</p><p>Crude oil has dropped 1.1% following the latest American Petroleum Institute (API) reading on Tuesday evening. The data showed a crude oil inventory build of 11.6 million barrels, which is much higher than the build of 1.6 million that the consensus anticipated. WTI crude trades at $52.57/bbl.</p><p>The Treasury market shows a modest loss this morning as investors eye Friday's Employment Situation Report, which is widely considered the last potential barrier to the newly anticipated March rate hike. The benchmark 10-yr yield trades two basis points higher at 2.54%.</p><p>The weekly MBA Mortgage Applications Index, which was released earlier this morning, increased 3.3% to follow last week's 5.8% uptick.</p><p>Wednesday will also see February ADP Employment Change (Briefing.com consensus 180,000) at 8:15 ET, fourth quarter Productivity (Briefing.com consensus 1.5%) & Unit Labor Costs (Briefing.com consensus 1.6%) at 8:30 ET, and January Wholesale Inventories (Briefing.com consensus -0.1%) at 10:00 ET.</p><p>In U.S. corporate news:</p><ul><li><strong>Caterpillar </strong>(CAT 93.60, -2.33): -2.4% following a <em>NY Times</em> report discussing allegations of tax fraud.</li><li><strong>Urban Outfitters</strong> (URBN 24.00, -1.41): -5.6% despite reporting in-line earnings results.</li><li><strong>H&R Block</strong> (HRB 21.90, +1.06): +5.1% after beating on the top and bottom lines. The company also noted that its tax season results outperformed the industry average with market share gains in both the Assisted and Do-It-Yourself categories.</li><li><strong>The Children's Place</strong> (PLCE 107.00, +7.10): +7.1% after reporting better than expected earnings and issuing upbeat guidance. Also of note, the company announced a new stock buyback and a dividend increase.</li></ul><p>Reviewing overnight developments:</p><ul><li>Equity indices in the Asia-Pacific region ended the midweek session on a mostly lower note, but losses were limited. Japan's Nikkei -0.5%, Hong Kong's Hang Seng +0.4%, China's Shanghai Composite unch, India's Sensex -0.3%.<ul><li>In economic data:<ul><li>China's February trade deficit $9.15 billion (expected surplus of $25.75 billion; last surplus of $51.35 billion). February Imports +38.1% year-over-year (expected 20.0%; last 16.7%) and February Exports -1.3% year-over-year (consensus 12.3%; last 7.9%)</li><li>Japan's Q4 GDP +0.3% quarter-over-quarter (expected 0.4%; last 0.2%); +1.2% year-over-year (consensus 1.6%; last 1.0%). February Economy Watchers Current Index 48.6 (expected 49.9; last 49.8). January Leading Index 0.6% month-over-month (last 1.9%) and January Coincident Indicator -0.7% month-over-month (last -0.1%)</li><li>New Zealand's Q4 Manufacturing Sales Volume -1.8% quarter-over-quarter (last 2.1%)</li></ul></li><li>In news:<ul><li>In Australia, rate hike expectations were on the rise, but the latest trade data from China disappointed, inviting some concerns about economic strength in the region.</li></ul></li></ul></li></ul><ul><li>Major European indices trade just below their flat lines. Germany's DAX -0.1%, France's CAC -0.2%, UK's FTSE -0.2%.<ul><li>In economic data:<ul><li>Germany's January Industrial Production +2.8% month-over-month (expected 2.5%; last -2.4%)</li><li>France's January trade deficit EUR7.00 billion (expected deficit of EUR1.20 billion; last deficit of EUR1.20 billion)</li><li>Spain's January Industrial Production +2.5% year-over-year (consensus 2.4%; last 2.0%)</li><li>Swiss February CPI +0.5% month-over-month (expected 0.2%; last 0.0%); +0.6% year-over-year (last 0.3%)</li></ul></li><li>In news:<ul><li>In the UK, Finance Minister Philip Hammond is presenting the spring budget. The pound has retreated modestly, trading lower by 0.4% against the dollar at 1.2151.</li><li>There is growing skepticism that an agreement between Greek and Eurogroup officials will be reached in time for the March 20 deadline. Greek officials remain hopeful that an agreement will be reached.</li></ul></li></ul></li></ul>"