Good morning and welcome. It's Monday, 6th of June. My name's Will Heddon from IG Index and IG Markets and you're watching Cantos, the Market Call.

So we're looking ahead to some of the major events of this week after what was quite a poor last week for equities.

We started off fairly weak this morning, just a touch on the downside and in the FTSE 100 we're going to be keeping an eye on the downside risk as the downside seems to be more likely and we're going to see an exit through the trapdoor of the 5,800 level rather than a rise back up to 6,100.

Eurozone takes the first centre stage early this morning. We've had some news over the weekend, the Portuguese elections and further talks in Greece. They kick us off data-wise this morning with May PPI. But then after that, moving towards lunchtime, we really are going to be keeping a real focus on what the IMF are saying. The IMF are coming out with a report on their view of what the UK economy is doing and how the recovery is growing, and this will be keenly watched both here in London and also by the MPC, the Bank of England and by the Government.

Moving into tomorrow, then we are looking for April eurozone retail sales and also US consumer credit.

Wednesday is slightly more interesting with the first quarter reading of GDP from the eurozone. We're expecting around 0.8% for the zone as a whole. Then later in the afternoon, what will be quite interesting after last week's poor performance in US markets, the worries over the economy over there and the state of the jobs market, we've got the Fed's Beige Book, which is their view of what the whole economy is doing and how the recovery is growing. That comes out on Wednesday evening and that will be keenly eyed to see how the Fed feels the US economy is handling the current recovery.

Thursday is definitely the pick of the week this week. We've got a number of interesting announcements. Starting off with what is a light week for corporate earnings, we are seeing some interesting ones on Thursday. We've got statements from both Halfords and Home Retail Group, following on from other retailers last week. These will be keenly eyed to see whether they are enjoying the spring, as have some of the other retailers, and whether they maintain the cautious outlook as the austerity kicks in ahead for the UK consumer.

But really the main event on Thursday will be the interest rate announcements from the UK and from Europe. We're not expecting any change here in the UK although it will be interesting to see whether there is any immediate after effect or any statement coming out as a result of the personnel change at the MPC. The most hawkish member, Andrew Sentance, left last month so it's the first month with the new member, former Goldman Sachs economist Ben Broadbent, who's not expected to be as hawkish as Andrew Sentance. So this will be interesting to whether it changes the vote from last month, but we won't know that for a few weeks. We may just get some kind of inkling from anything that comes out afterwards.

After this we're going to have weekly jobless claims in the US as well, keenly eyed after the poor performance of the labour market as revealed in last week's report.

Then looking to Friday, a fairly quiet day. No major corporate earnings. A number of small pieces of data. We've got industrial manufacturing production from the UK to be looking at as well as PPI output.

Then really what's a little side story to the whole week is going to be the start of the trial of Dominique Strauss-Kahn in New York. Perhaps not a major market-moving event but something which will be heavily covered by the newswires and we are expecting to see that story remain very much in the public eye.

That's it from me. You can follow updates from us at IG_Index on Twitter and I hope the week is a good one for you.