Friday, 13 July 2012

Eyes on JPM earnings

As month back J.P Morgan's Dimon already announced 3 bill $ loss on trading, markets  are curiously waiting for JPM  earning today ,that would probably decide markets closing today.

After Unexpected sharp decline in unemployment claims Chinese GDP  was also not disappointing so do India's industrial output grew by a faster-than-expected 2.4 percent probably it is indicating rebound of  major economies ??? too early to say.

Today's Italian 3 yrs bond selling is very important for Euro as it's stand on edge of important level 2180 as if its doesn't improve we will see euro soon at 1850.



Today's important  economic data ,

  • GERMANY cpi (MoM,YoY)
  • ITALY cpi 
  • (MoM,YoY)
  • ITALY 3 YR bond auction
  • US ppi 
  • (MoM,YoY)
  • US consumer sentiment index

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