Greek woes continue

ANALYSIS | 05/01/2015 06:41:08 GMT

Market Focus Today

U.S. ISM Manufacturing PMI
U.S. University of Michigan Confidence (APR)

Expect High Volatility in

European holiday

Overnight

Strength was seen in the Japanese labour market with the headline unemployment figure beating estimates at 3.4%. However, the inflation story, or lack of, continues with consumer prices only increasing by 0.7% year on year. Chinese economic sentiment eased growing concerns of a slowdown in the economy, with Manufacturing and Non-Manufacturing displaying a figure above 50 signalling an expansion.

News Roundup

Miliband defiant on SNP. The labour leader yesterday told an audience in Leeds, that he’d rather give up the keys to Downing Street than team up with Nicola Sturgeon after the general election. The comments came a day after an Ipsos-MORI poll in Scotland predicted the Nationalist Party would win all seats north of the border.

Greek woes continue. The government were left red faced as they struggled to get payments to more than 2m pensioners, blaming a technical hitch for the delayed disbursement. Elderly Athenians were left worried and in the lurch, with some waiting outside branches of the National Bank of Greece waiting for news.

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