Today marks the end of the first half of 2013's trading, and the FTSE is expected to open slightly up, with IG customers indicating a rise of around 3-4 points at the open.
Asian markets were strengthened by Japanese manufacturing PMI numbers showing the fastest growth in over two years and comments from China's central bank, while SHIBOR started to fall.
SHIBOR - all rates fall today, but still remain elevated. Rate curve is still more bell-shaped than logarithmic/exponential shape— Yogesh Chandarana (@Yogi_Chan) June 28, 2013
Today's key events:
- German inflation at 13.00. CPI in the year to June is expected to rise from 1.5 per cent to 1.7 per cent.
- University of Michigan consumer sentiment at 14.55. After a very strong 84.5 last month, this is expected to fall to 82.8 for June.