In the US, Ben Bernanke failed to give any firm commitment to fresh easing but did state the Fed remains prepared to act if required, the dollar rose and risk assets sold off initially but subsequently reverted to levels prior to the announcement. Intel announced results after the close with an EPS of 54 cents (consensus 52 c), but did cut their FY revenue forecasts, the stock fell 1% in after hours trade. For today, Bank of America (15 cents), US Bancorp (70 cents) and Honeywell ($1.11) are among a host of names to report, and Beige Book data will be released 7pm BST.

Posted by Philip Ball | Sales and Trading