• European equities are lower, dragged down by losses in the semi-conductors; US equity futures are mixed
• Dollar is flat, JPY continues its recent advances, helped by the regions GDP figures
• Bonds are contained within relatively tight ranges; ECB’s Kazimir sparked a modest hawkish reaction
• Crude is modestly firmer; XAU flat and base metals mixed
• Looking ahead, US Employment Trends, Japanese Corporate Goods Price, NY Fed Survey of Consumer Expectations, Supply from the US, Earnings from Oracle.

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