Some important data points/info on the horizon for later in the (24-hour) day.

  • At 1030GMT we hear from Governor of the Bank of England Mervyn King.
  • Also at 1030GMT is the quarterly Bank of England Inflation Report.
  • There are other releases out of the UK later too, stay tuned with Pete and Gerry for those.

Into US hours we get sales & inflation data and … (drum roll …) the minutes from the most recent FOMC meeting:

1330GMT brings:

US Retail Sales (MoM)

  • Prior up 1.1%
  • Mkt expectations at down 0.2%

US Core Retail Sales (excludes autos)

  • Prior +1.1%
  • Mkt expects +0.2%

Alos at 1330GMT US PPI and Core PPI (both are MoM change)

  • Prior PPI +1.1% (and +2.1% YoY)
  • Mkt expects +0.2% (and +2.6% YoY)
  • Prior Core PPI 0.0% (+2.3% for the YoY)
  • Mkt expects for Core PPI +0.1% (& +2.5% YoY)

At 1900GMT the FOMC minutes are released.