Yesterday, notes Mr Secker, the FTSE closed up 65 points at 4,559 and the Dow closed up 187 points at 9,069 based on good earnings by a variety of companies. In forex news the euro headed for a second weekly advance against the dollar and the yen as Asian stocks extended a global equity rally, increasing the appetite for higher-yielding investments. The pound rose against the dollar before a government report that economists said will show the contraction of the U.K. economy slowed. The Aussie and Kiwi dollars also advanced after the DOW yesterday exceeded 9,000 for the first time since January.  In data releases today, at 9.00am for the Euro the German Ifo business climate is released. At 9.30am there is the GBP prelim GDP and then at 3.30pm USD Fed Chairman Bernanke testifies.

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