European markets are expected to open slightly down this morning ahead of German IFO numbers for June at 09.00, following a slide in Asian stocks overnight.
#FTSE100 futures calling index to open -15/-20pts at 6105, v close to Friday's post close low of 6100. Europe also set to open in red— Mike van Dulken (@Accendo_Mike) June 24, 2013
The sentiment index data released by the CESifo group is seen as an indicator of business activity in Germany, and some mixed data is expected this morning.
Business climate is expected to remain static at 105.7, while economists anticipate that current assessment will drop from 110.0 to 109.5 and expectations will rise from 101.6 to 102.0.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2 per cent to its lowest level since early September last night. Last week the index saw its heaviest losses since May 2012 with a 4.5 per cent fall. Investors are worried about China's economic and fiscal stability.
Today's key events:
- The US Chicago Fed National Activity Index for May is released at 13.30. The index is released by the Federal Reserve Bank of Chicago, and gauges overall economic activity and inflationary pressure.
- If you like tennis, Wimbledon kicks off today (or should that be serves off? I'm not sure). You can read John Inverdale's look ahead here.