Good evening,

European equities lost ground but it was not a panic selling as seen during last week, and US futures are trading near the parity. Crude Oil is losing 41 cents at 29.98 $/barrel (-1.35%) and Gold is down 1.8$ at 1,088.90 $/oz (-0.17%).

EurUsd is down 13 pips at 1.0893 (-0.12%) and GbpUsd is trading at 1.4259 (+0.05%). UsdChf is consolidating above the parity and is up 47 pips at 1.0051 (0.46%).

The Asian session will be very interesting because at 02:00 GMT will be released both the Chinese Retail Sales and GDP data at 02:00 GMT.  Market participants will follow very carefully those data  because in case Chinese growth will be above market consensus is likely to see a rally on risk appetite.  The European session will start with the German CPI data at 07:00 GMT.

(18:45 GMT)