Good Morning ,

Here’s a quick look at today’s economic news and market activity:

• The risk averse mood on markets persisted yesterday …
• Oil prices and long-dated sovereign bond yields remained elevated …
• Against this backdrop, benchmark equity indices fell on both sides of the Atlantic …
• Currency-wise the yen remained on the defensive …
• This sees USD/JPY open today above the ¥155 threshold …
• EUR/USD is changing hands near the midpoint of the $1.15-1.16 band …
• EUR/GBP continues to operate in the top half of the 85-86p corridor …
• Today, the focus is on the Fed FOMC policy decision …

All rates quoted are indicative market rates.