Before the open - 16/07

Asian stocks moved lower last night despite a record finish on Wall Street after weaker than expected US retail sales growth added fuel to speculation the Federal Reserve would hold off on tapering its quantitative easing programme in the near future.

The Nikkei bucked the trend on account of a weaker yen, finishing up around 0.6 per cent.

Opinions on where the FTSE will start this morning are mixed.

It's also set to be a big day for macroeconomic data.

Key events today:

0930: UK consumer price index (CPI), producer price index, and retail price index

1000: Eurozone CPI and trade balance

1000: ZEW survey of economic sentiment in Germany and eurozone

1200: Chief secretary to the Treasury Danny Alexander outlines findings of alternatives to Trident

1330: US CPI

1400: US net long-term TIC flows

1415: US industrial production