It's a big day for news today.
The key US inflation report comes out just after lunch.
This is going to be keenly watched as global rhetoric turns towards the potential for interest rate cuts in the near future.
Analysts are predicting a reading of 3.4% annualised growth. This will be slightly up from the 3.2% reading last month.
If it comes in higher expect the Dollar to go up and if it's lower expect the Dollar to fall against the Pound.
A higher reading takes the pressure off the FED to lower their base rate and vice versa.
Shortly after this there's the Bank of Canadas interest rate decision. Analysts are expecting the base rate to be kept at 5%.
The early hours of tomorrow sees the Chinese inflation report. The consensus is for annualised growth of 0.4%.
So overall we could be in for a volatile day.....unless the readings come in in line with expectation.
Business news centres on Tesco. They have reported annual profits of £2.3 billion versus £882 million the year before.
The important part of their report is that they have stated that price inflation in groceries had "lessened substantially".
Watch this space for the UK inflation report next Wednesday.
US: 13:30 Inflation Report
CAN: 14:45 BoC Interest Rate Decision
CHN: Thursday 02:30 Inflation Report
As ever we look forward to keeping you in the loop and look out for our next update.
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