The S&P 500 too a look above the 5,000 level, although closing below it with broader equities largely flat despite a 50% surge in ARM Holdings and strong momentum in energy stocks with Brent crude above $80/barrel after no ceasefire deal was reached. China markets were mixed before heading into the Lunar New Year holiday. In FX, Japanese yen underperformed after dovish BOJ commentary and a rise in Treasury yields, and US CPI revisions will be in focus today. US Equities: The S&P 500 reached 5,000.40 before pulling back to settle just a touch below the 5,000 mark at 4,998, 0.1% higher than the day before. The Nasdaq ... (full story)