The US markets ended largely unchanged after crawling along the flat line for most of the session as investors sat on the sidelines ahead of a busy week of corporate earnings and dragged down by weakness in Apple. The CBOE volatility index closed above 13.
Dow Jones Industrial Average was up 0.13% or 17.21 points at 13488.43. Nasdaq Composite slipped 0.26% or 8.13 points at 3117.5. Standard & Poor's 500 was down 0.09% or 1.37 points at 1470.68.
US President Barack Obama discussed the nation's debt and tax issues at a press conference and said that the country can't finish deficit reduction through spending cuts alone adding that the financial well being of the American people is not leverage to be used.
Meanwhile fed chairman Ben Bernanke said that although the "fiscal cliff" deal made "some progress" in resolving the nation's debt problem, the nation is not out of the woods yet.
In key data to watch out for in the US today, the producer price index may come in at minus 0.1 %, meanwhile retail sales are expected to come in at 0.2 percent for the month of December. And also watch out data from the empire state manufacturing survey.
In the currency space, the dollar hits a 11-month low versus the euro after US Fed's comments suggested the central bank was in no hurry to withdraw monetary stimulus. The dollar index around 79.50 levels.
In commodities, Nymex crude makes marginal gains, above USD 94 levels on the back of weak dollar.