French and German GDP data has been released this morning, with the latter’s growth of 0.3% better than the expected 0.2%, later today we have UK and Spanish CPI, and German ZEW. European equity futures are indicating around 60bps better.

US retail sales are due out later today, expected to be around 0.3% higher. Groupon released numbers after the close last night with sales of their daily deals missing estimates, the stock traded down 16% after hours. Today we have Home Depot releasing earnings before the open with consensus for the EPS at 97 cents.

Posted by Philip Ball | Sales and Trading