Before the open - 12/07

The FTSE is expected to open slightly higher after an exceptional day of gains yesterday.

The index was propelled by statements by Federal Reserve chairman Ben Bernanke, which markets read as dovish.

Japan's Nikkei has risen to hit a seven week high following the strong US gains that resulted.

Our key events today:

  • Eurozone industrial production data for May is out at 10.00. Rising 0.4 per cent last month, production is now expected to have fallen by 0.2 per cent.
  • Philadelphia Fed president and extreme hawk Charles Plosser is due to give a speech at 13.00.
  • US producer price index data at 13.30.
  • Some consumer sentiment numbers to finish the day. The University of Michigan index is expected to rise from 84.1 to 85.0 for July.