The Bank of Japan unexpectedly increased is asset-purchases by 10trillion Yen, as the central bank attempts to counter the country’s economic contraction. Following the announcement Japanese stocks rallied and the Yen fell as only 5 of 21 analysts forecast the easing.
Manchester United may have had a good season on the pitch, but financially their first earnings show that the lack of trophies led to an operational loss of £14.9m. Total revenues were down 3% to £320.3m with the shares trading lower following the update. Manchester United is one of the largest brands in football and cited the future increase in revenues from the 2014 bumper domestic rights package from BT. MANU shares closed at $12.58 on Tuesday.
Norwegian authorities said yesterday they have opened an investigation into a significant oil gas leak on a production platform -Telegraph
Noble foods, Britain's biggest egg producer by volume, reported a 22% in pre-tax profits due to egg surplus -Financial Times
Dutch brewer Heineken has struck a deal with the makers of Tiger Beer after gaining the support of a Thai billionaire - CityAM
Morgan Stanley fund Star Lynch bought 2% of the $16billion Facebook IPO at $38 for a total of $380m –Bloomberg
S&P have affirmed the AAA rating on Australia with a stable outlook
Key data from the UK at 9:30 (London) with the release of the Bank of England minutes, which will be closely watch had impact GBP in FX. This afternoon there is macro data from the US including MBA mortgage applications, building permits, housing starts and crude inventories.