- The main Asian stock indices are mostly down, although those in Europe are mainly higher ahead of policy meetings by the Bank of England and the European Central Bank.
- Neither bank is expected to alter their interest rates, so the focus will be on any comments about future policy.
- The Shanghai composite drops 0.8% amid the re-opening of the IPO market and following data that showed inflation remaining tame but PPI falling for the 22nd month in a row.
- The Nikkei continues its see-saw start to the year, closing down 1.5% after a sharp rise yesterday following big declines earlier in the week.
- Hong Kong -0.9%, India -0.1%.
- EU Stoxx 50 +0.6%, London +0.3%, Paris +0.2%, Frankfurt +0.4%, Milan +0.85%, Madrid +0.9%.
- U.S. stock futures: Dow +0.3%. S&P +0.3%. Nasdaq +0.25%
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