U.S. equities are relatively subdued
U.S. equities are relatively subdued in a fairly neutral path in the wake of the government reopening yesterday, BoJ cautious optimism, W. coast tsunami warning and gains in global equities. Wall Street is below overnight highs after all of the above, along with another rash of earnings. The Dow is 6-points lower, S&P is 2-points lower and NASDAQ gained 1-point in pre-open action, with mixed fair value adjustments. That followed on the heels of 1.3% gain on Japan's Nikkei after the BoJ held pat, while China's CSI 300 was up 1.0% as well. In Europe, the German DAX +0.7% is pacing gains after a firm ZEW reading, though the Euro Stoxx 50 is up a lesser 0.24%. Netflix surged 9% after jump in subscriptions and earnings beat, while Verizon and J&J also gained after beats. Trump will address the Davos WEF later in the week after moves to tariff solar panels and washing machines 30%, which sparked concerns about a trade war. Richmond Fed index is on tap, while Fed's Goodfriend hearings are next and Evans speaks after the close.