Asian markets mostly firmer this morning, sentiment slightly boosted by the fact that Japan and China have agreed to hold talks over the island dispute, with Japanese autos a major benefactor of the news.
In Europe, ECB’s Coeure has said that he wants the IMF to monitor reform progress in Spain and Italy, and without the involvement of the IMF the ECB should refrain from buying sovereign debt. European equity futures points to a slightly lower open.
In the US, markets yesterday closed at session lows having earlier traded higher in the session on better than expected jobless claims, today we have PPI data and Uni of Michigan confidence data. In corporate news JPM and Wells Fargo are due to release corporate earnings with EPS expectations at $1.19 and 87c respectively.
Philip Ball | Sales and Trading