Key Global Events

Inflation in the UK fell more than expected to 7.9% compared to forecasts of 8.2%.

Following the U.S. inflation figure that showed a decline, the spotlight today is on the ECB. The upcoming data will allow investors to assess the central bank's possible future moves.
Coming up at 11 a.m. is the Euro zone inflation test. On an annual basis inflation is expected to fall to 5.5 %. On a monthly basis up at 0.3%.

Tonight Tesla and Netflix quarterlies.

Bullish start for European stock markets. Milan's FTSE MIB +0.36%, Paris' CAC +0.79%, Madrid's IBEX +0.60%, London's FTSE +1.31%. Wall Street futures also trade slightly higher. Dow Jones +0.21%, S&P500 +0.13% and the Nasdaq +0.12%.

Forex & Commodities

Awaiting the Euro zone inflation data, the euro remains stable around parity trading around 1.1222 (-0.03%). Sterling weak against the greenback, -0.68% to 1.2946. Among commodities, oil stabilized this week at $75 (-0.24%). Gold today trades around $1938 an ounce (+0.13%) after rallying yesterday.

Index

Asian stock markets traded in mixed territory. Tokyo's benchmark Nikkei 225 index closes at 32,896.03(+1.24%). China's Hang Seng index trades around 18,968(-0.25%).

Global Macroeconomic Data
EUR - at 11 am the inflation test in the Euro zone. On a yearly basis inflation is expected to fall to 5.5%. On a monthly basis up at 0.3%.
US - At 2:30 p.m. June building permits will be published. The forecast marks a decline to -0.905 million. At 4:30 p.m. U.S. crude oil inventories will be published.