European futures are indicating pretty much unchanged after US markets rallied off their lows late in Friday’s session. Key US futures are looking around 30bps lower, with the highlight for the markets today being quarterly results from Alcoa due after the close kicking off the earnings season, consensus for the company is an adjusted EPS of 5.3 cents on sales of $5.81bn.

In FX, volumes are light with the EURUSD trading slightly below the 1.23 level, technically the pair broke reasonable levels of support on Friday, lower levels are looking likely in the sessions ahead.

 

Posted by Philip Ball | Sales and Trading