Good Morning ,

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

• The cautious mood on markets persisted yesterday …
• Once again, oil prices moved higher to circa $105 per barrel …
• Meantime, bond yields rose further while equity indices were flat to lower …
• Currency-wise, the dollar slightly firmer while the yen and sterling were on the defensive …
• However, the moves largely reversed course overnight …
• EUR/USD opens today in the top half of $1.13-1.14 …
• GBP/USD is in the lower half of $1.32-1.33 …
• EUR/GBP is just above the 86p mark …
• USD/JPY is at the ¥158 handle …
• Today, the macro calendar is light on both sides of the Atlantic …

All rates quoted are indicative market rates.