Asian equities were mixed but Europe is showing signs of a recovery after better Chinese & Japanese data overnight. I'm in no hurry to jump into the markets early this week and will only keep an eye on EurCad & EurUsd (to the long side) during the late EU morning/early EU afternoon with Industrial production (11 CET), Nowotny (11 CET) speaking in Austria, President Draghi (12 CET) speaking at a conference in Italy.
In the UK, BoE’s Shafik speaks (at 13.00 CET) after last week’s MPC
minutes, which mentioned that wage growth has “flattened off”, were
perceived to be slightly more dovish than had been anticipated.Then, finally, ECB's Costa speaks at 16.00 CET in Lisbon.
For charts, refer to the Weekly Game Plan issued yesterday.
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