The Nikkei rose during last night’s trading, breaking the 14,000 barrier for the first time since 29 May 2013, and closing up 1.78 per cent at a high of 14,098.74 – its fourth consecutive day of gains.
Source: Yahoo Finance
US markets were also up, with the S&P 500 rising 0.5 per cent and the Dow up 0.4 per cent.
Most analysts expect the FTSE and European markets to open slightly down, awaiting UK construction data (expected to rise from 50.8 in May to 51.1 in June), and Spanish unemployment (expected to fall for the fourth month running) data this morning.
Early calls: FTSE -19pts at 6288, DAX -25pts at 7958 and CAC -10pts at 3757— Steve Collins (@TradeDesk_Steve) July 2, 2013
Modest retrenchment expected in Europe today after excellent session yesterday - suggested opening calls - FTSE -18, DAX -24, CAC -11— David Buik (@truemagic68) July 2, 2013
Key events today:
0800: Spanish unemployment
0930: UK construction PMI
1000: Eurozone producer price index
1000: Speech by Bank of England deputy governor Paul Tucker
1430 Jeremy Hunt appears before the Health Committee in evidence session on the implementation of the Health and Social Care Act 2012
1500: US factory orders
1515 Energy secretary Ed Davey appears before the Energy and Climate Change Committee to review Department for Energy and Climate Change policy
2245: Speech by Fed board governor Jerome Powell