Before the open - 09/07

Following losses of 46.15 points on the FTSE yesterday, we've got some important UK macro data coming out today (see our list of key events below).

Asian shares strengthened as Friday's strong US jobs number continues to be digested by the markets.

"Investors are moving more cautiously ahead of the earnings season. The market is also still in the process of gauging whether strength in the U.S. job data last week was a good thing or a bad thing," said Chung Seung-jae, a market analyst at Mirae Asset Securities.

"Investors are still unsure whether signs of economic improvement in the U.S. is better for the market than the premature reduction of Fed stimulus," Chung added.


Today's key events:

  • UK industrial production, manufacturing production 09.30, both expected to see higher growth rates. Finally we'll have a GDP estimate from think tank NIESR for the three months to June.
  • Eurozone finance ministers continue to meet throughout today. They'll be discussing Latvia's request to join the common currency.