Today's the big day for Blackberry maker Research in Motion, whose flagship smartphone launched the company into the tech sector big leagues a few years ago. Many pundits feel that the future of the company will be at issue today, as RIM seeks to win back the substantial market share it has lost in recent years. Based on what we learned yesterday about consumer confidence, which is at the lowest point since November 2011, RIM's offering will have to be extremely enticing to convince consumers to loosen their purse strings.
This morning's announcement that eurozone Consumer Confidence figures are also rather lacklustre, at -23.9, came as no great surprise, and are unlikely to inspire confidence on the Old Continent.
In North America, the main news today will come south of the border, where fourth quarter GDP figures will be announced. Markets anticipate growth of 1.1%, down from 3.1% the previous quarter. Wishing you a great day! Xavier Villemaire
Range of the day: 0.9980 – 1.0050