Very quiet in terms of news out of Europe this morning, the highlight being French Industrial production due this morning with a forecast of a 0.1% rise. European equity futures are looking around 50bps lower. In corporate news, steelmaker Thyssen Krupp released better than expected earnings and confirmed their FY targets. In FX the EURUSD cross rate is back below the 1.23 level.

 

US futures are looking around 30bps lower after closing the session pretty much unchanged yesterday. JC Penny the highlight for corporate earnings with a consensus of an EPS loss of 14 cents.

 

 

Posted by Philip Ball | Sales and Trading