Asian markets firmer this morning after positive economic data released out of the US yesterday. Sony rose over 2% whilst Sharp fell 2% after the company said there was a “material doubt” that the company would be able to survive. Goldman lowers their Japanese GDP forecast for 2012 to 0.9% from 1.9%.
In Europe, very little out in terms of newsflow and markets are looking at opening unchanged, there is some weakness in the Euro this morning with EURUSD trading sub 1.29.
In the US today, the main focus will be the last Non Farm Payroll report before the US elections, consensus is looking for 125k. McGraw Hill ($1.31), Ralph Lauren ($2.15), Chevron ($2.84) are among names reporting earnings today.
Philip Ball | Sales and Trading