Before the open - 08/07

Following gains of 1.07 per cent for the FTSE 100 over last week's trading, we're not expecting much movement this morning.

Asian markets fell following Friday's strong nonfarm payrolls number. Markets are worried that this could see the Federal Reserve begin to taper quantitative easing.

Our macro data is all of a Eurozone flavour today:

  • German industrial production numbers out at 11.00, expected to fall by 0.5 per cent in May
  • A speech from European Central Bank president Mario Draghi is out at 14.30