Before the open - 23/08

The FTSE is expected to open slightly up after avoiding a fourth consecutive day of losses yesterday. Kit Juckes, Societe Generale on today's session:

There's a bit of TGIF feel to all this: The overnight session is quieter, with equity markets and EM currencies bouncing, nominally on the back of yesterday’s crop of stronger economic data (PMIs in China and Europe. Revised UK GDP data, Canadian inflation, US new home sales).

Key events today:

  • UK Q2 GDP revisions at 09.30.
  • UK July BBA mortgage approvals at 09.30. Expected to rise from 37,300 to 39,200.
  • Eurozone August consumer confidence at 15.00. Expected to rise from -17.4 to -16.5.
  • US July new home sales at 15.00. Expected to fall from 0.497m to 0.485m.