London, May 11 (BridgeNews) - The following is a summary of overnight moves since Europe's close, plus possible leaders for the session ahead:

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EUR CL * US CL * PREV DAY HI-LO * ASIA HI-LO
EUR/USD 0.8810 0.8813 0.8923-0.8780 0.8819-0.8804 DOW CL 10911 ()
USD/CHF 1.7435 1.7430 1.7493-1.7288 1.7448-1.7423 NAS CL 2158 (+0.98)
USD/JPY 122.65 122.54 122.75-122.03 122.74-122.40 S&P FUT 1263 (+5.0)
EUR/JPY 108.07 108.07 108.95-107.73 108.10-107.85 NAS FUT 1847 (+4.5)
EUR/CHF 1.5363 1.5361 1.5427-1.5356 1.5367-1.5358 NIX 14018 (-67)
EUR/GBP 0.6196 0.6196 0.6250-0.6189 0.6210-0.6188 HSI 13605 (+20)
CABLE 1.4213 1.4216 1.4281-1.4188 1.4231-1.4214
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KEY ISSUES:

* Euro loses ground despite ECB's surprise rate cut
* ECB's Solans, Issing and Welteke speak during the day
* U.S. retail sales, PPI and U Mich consumer sentiment index major data releases Friday

The EUR pulled back some of its post-ECB-rate-cut losses in overnight trading, but was looking soggy again toward the Asian close. There is a wealth of euro-zone economic data and possible official comments out during the morning, though trading could be constrained ahead of U.S. PPI, retail sales and consumer confidence data due this afternoon. The AUD got a lift from comments by RBA Governor Macfarlane.
--EUR/USD pulled off Thursday's 3-week low of 0.8780 to reach 0.8819 in late U.S. trading. Good offers are reported at 0.8820 with stops above 0.8830.
Decent sized bids were earlier reported around 0.8780 with stops below 0.8750.
Euro-zone economic data out Friday includes Spanish CPI for April and French
preliminary April CPI at 0645 GMT. Dutch CPI for April is released at 0730 GMT while Irish April CPI, February IP and Q3 industrial employment are released at 1000 GMT. German economics minister Mueller speaks at 0700 GMT. The ECB's Solans speaks at a conference in Madrid while BBK president Welteke attends a CDU committee meeting at 1030 GMT. The ECB's Issing speaks at 1200 GMT.
--EUR/JPY consolidated within a narrow, 107.80-108.20 range in the Asian session. Large offers are reported around the 109 figure with large sell stops below 107.50. Japanese private machinery orders fell by 3.6% on the month in March.
--USD/JPY came off an early Asian low of 122.39 to reach 122.74 toward the close, the JPY undermined by the weak orders data and a softer Nikkei. Japanese exporter selling interest is said to lie in the high 122s with option offers reported at 122.90. Japanese finance minister Shiokawa said he is watching USD/JPY with caution but that he is not worried about the situation. The Nikkei Shimbum reported former BOJ policy board member Shinotsuka saying the March 19 decision to introduce quantitative easing was made without sufficient discussion of its effects.
U.S. April retail sales and PPI data are released at 1230 GMT with the University of Michigan consumer confidence index due at 1400 GMT.
--AUD/USD bounced off an early Asian low around 0.5225 to reach 0.5255 after RBA Governor Macfarlane welcomed the AUD's recent partial recovery and said the Bank remains prepared to change rates if the balance of risks alters.