A quiet day ahead in Europe with most of the countries having either markets closed or public holidays. Expect the Spanish government to request the first tranche of bailout funds before the end of the week. UK jobless claims are due today, and so far European equity futures are pointing to a move lower of around 30bps.

In the US today, we have Empire manufacturing, Industrial production and NAHB housing data. On corporates, Staples, Abercrombie, Target and Deere are due to release quarterly earnings.

 

Posted by Philip Ball | Sales and Trading