CREDIT BULLETS: That's IT folks
* EU stocks are currently on course for a potential fifth straight day of losses. Comes as global IT outages add to the current list of reasons for caution centred on geopolitical and trade-related worries which have been weighing on markets over the course of the week. US index futures also point to further losses at today's Wall Street open with markets facing a nervous run into the weekend. UK retail sales were much weaker than expected in June (weather, election uncertainty & payback for a strong May) while UK borrowing was higher than forecast
* Stoxx600 -0.84% at worst, losses led by Materials. Bears keeping an eye on a key 2nd July low at 508.08 (today's low at 509.70)
* Govvies: EGBs lacking a clear/overall direction today with gilts underperforming as higher-than-expected borrowing stokes supply concerns
* Primary: Issuers are staying away Friday to leave the weekly single currency haul at EUR16.15bn, still less than half the previous week's final EUR33.87bn total
* Ahead: Another 7 S&P500 firms report earnings and two Fed officials speak in a data-free session. S&P futures -0.2% and Nasdaq futures -0.3%
Live deals/updates
- No updates on the morning of Friday 19th July
Key economic data / events so far
- UK Jul GfK Consumer Confidence missed at -13 (exp -12, prev -14)
- UK Jun Retail Sales MoM missed at -1.2% (exp -0.6%, prev 2.9%)
- UK Jun PSNB ex-Banking Groups above f/c at 13.2bn (exp 11.2bn, prev rev up to 16.5bn)
- GE Jun PPI YoY matched f/c at -1.6% (prev -2.2%)
Auctions
- No major term auctions scheduled for Friday 19th July
Ahead
- 7 S&P500 companies release results
- Fed's Williams (15:40) & Bostic (18:00)
All times BST
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