Overnight markets have shaken off the mixed US earnings tape to trade higher across credit, FX and equities. The major mover during the Asian timezone is the AUD, which is about 0.4% firmer against the greenback following the Australian CPI print which rose to +3.0% YoY.

fter its long-awaiting breakout of the 1900 level the other week, the S&P 500 gained another +1.3% last week alone, but this double-low progression as I call it -- i.e., on extremely low volume and with persistently low volatility -- is worrisome.

Short sellers who thought a rough weekend in Ukraine might stir up the war drums again were wrong. In addition, China took several steps to boost its economy, and the domestic economic reports were fairly positive.

Today's list includes Micron Technology (MU), Tyson Foods (TSN), Yahoo! (YHOO), Marathon Petroleum (MPC) and Ameriprise Financial Services (AMP).