Key Global Events

Quarterly reports on Wall Street continue with Bank of America with expected revenues at 25.02 billion, Morgan Stanley with expected revenues at 13.03 billion.

Today's macro agenda includes from the US front data on June retail sales and industrial production. 

U.S. stock markets showed a tentative gain at the close, with the Dow Jones putting up +0.22 percent; the S&P500 rose to 4,523 points. The Nasdaq 100 (+0.95 percent) was also positive.

An uncertain start for European stock exchanges. Milan's FTSE MIB +0.04%, Paris' CAC +0.10%, Madrid's IBEX -0.14%, London's FTSE +0.11%.

Forex & Commodities

Ahead of macro data and next week's Fed and ECB meetings, the euro strengthens again against the dollar at 1.1271 (+0.35%). Sterling gains +0.19% to 1.3097. Among commodities, oil trades below $74 (-0.20%). Gold trades around $196 an ounce (+0.50%).

Index

Asian stock markets traded in mixed territory. Tokyo's benchmark Nikkei 225 index closes at 32,493, +0.32%. China's Hang Seng index trades around 19,031, (-1.97%).

Global Macroeconomic Data

AUD - In the Asia-Pacific session, the RBA issued statements on monetary policy.
CAD - At 2:30 pm the Canadian inflation rate will be released. On an annual basis it is expected to fall to 3%. On a monthly basis it is expected to decline to 0.3%.
US - At 2:30 pm US retail sales of essential goods will be published. On a monthly basis they are expected to increase to 0.3%. Retail sales are expected to increase to 0.5%. In the evening at 10:30 pm U.S. crude oil inventories will be released.
GBP - At 6:30 p.m. the vice president of the central bank of England will hold a press conference.