European Open – Busy day ahead by Milan Cutkovic

  • Asian stocks are higher this morning: Nikkei gained 1.10 %, Shanghai Composite rose 1.65 %, Hang Seng is up 0.20 %
  • Commodities recovered as the USD remains offered across the board; Gold is at $1211 and Silver at $16.67 after both posted a double bottom at $1190 and $16.10 respectively
  • WTI is back above $50
  • It will be busy today, with a decent number of tier 1 data releases
  • We’ll get German employment data at 0855 GMT, UK GDP at 0930 GMT, US CPI, Durable Goods Orders and Initial Jobless Claims at 1330 GMT, as well as Canadian inflation data at 1330 GMT

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