Market Overview
Despite disappointing Retail Sales data yesterday, Wall Street indices closed last night around half a per cent higher as the market rebound continued. Asian markets were mixed overnight, with Chinese inflation data slightly higher than expected to boost stocks in Shanghai, but the strength of the yen pulled the Nikkei around 1.8% lower to a one week low.Investors in the Eurozone appear to be brushing off news of another change in the Italian Prime Minister. Italian bond yields continue to fall, while the Euro remains buoyant. Focus instead is on the Eurozone GDP figures will be a big feature of European trading this morning. France has got the region off to a good start, coming in above estimates with an annualised run rate of 0.8%. Germany has also come in with a very small beat of expectations too. This is helping to bolster the Euro in early trading.
The only major piece of US data this afternoon comes at 14:55GMT with the University of Michigan Consumer Sentiment number which is expected to show a decline to 80.2.
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