After bad University of Michigan numbers on Friday, there not much optimism out there right now, and with crude oil now trading at 58$/barrel after trading at 70 not long ago, pressure is also being put on energy sector. This week however we have a slew of earnings from some big names, most notably Google, Goldman Sachs and IBM. These earning will dictate the mood for the week, as we see how corporate America is faring through the second quarter and its outlook ahead.
Data wise we have the ZEW survey from Germany on Tuesday, UK unemployement data and US FOMC minutes and retail sales to look forward to.
Futures are flat across the the Euribor strip, and Bonds. We are trading down slightly in stock markets across Europe and US.
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