Well not alot to report, the market having been effectively on hold in Asia. That’s not overly surprising given the price action yesterday. First we had a huge risk aversion play with the JPY a major beneficiary and then we saw that move pretty much completely unwind.
I guess the only thing one can take from it all is that there is precious little strong conviction out there, and we’re probably not going anywhere too far in the short-term
Forecasts for Chinese growth are being marked higher, which is encouraging.
For today not too much in the way of European data. Main two releases probably
08:30 GMT: UK industrial production for May expected +0.2%, -11.3%
10:00 GMT: German factory orders for May expected +0.5%, -31.2%
