Market Overview

The momentum of investors taking some profits off the table and searching for safe places to park their money has continued this morning.  Major European equities are feeling the sting of overnight developments that have soured sentiment as Merkel refuses to budge on Greece for the time being, and reports suggest the ECB might delay definitive plans for a bond-purchase programme.
North American equity futures have spent most of the early morning in the red, waffling as core durable goods orders continue to show signs of a struggle.  Loonie price action before the bell can be best characterized as choppy, with its well-correlated asset classes pulling it in different directions.  Despite equity markets experiencing a little pullback, WTI is making a comeback from yesterday, changing hands above $96.50/barrel.  The Loonie is slightly stronger from yesterday’s close, but still putting in work above the 0.9900 handle against the USD.  Gold is relatively stable, but finding bids close to the $1,670/ounce mark as the yellow metal contemplates another leg higher.