US and European markets are expected to open lower again today after political squabbling in the US over raising the debt ceiling.
Global markets are suffering from risk-off. US equities saw their 5th straight loss overnight with risk currencies once again following.— RMB Global Markets (@RMB_GM) September 26, 2013
Asian markets closed lower, too, with the potential for US government shutdown still looming.
Asia stocks lower on weak US cues. Asian stock markets are mostly lower after Wall Street suffers its longest losing streak since December.— JanusTrading (@JanusTrading) September 26, 2013
- UK GDP at 9.30. Expected unchanged YoY (1.5 per cent) & up 0.7 per cent from 0.3 per cent QoQ.
- UK total business investment at 9.30. Expected at 0.9 per cent, up from -1.9 per cent.
- US core personal consumption expenditures (QoQ) at 13.30. Expected unchanged at 0.8 per cent.
- US GDP annualised at 13.30
- US GDP price index at 13.30
- US initial jobless claims Sept at 13.30. Expected at 325K, up from 309K.
- US personal consumption expenditures prices (QoQ) at 13.30. Expected unchanged at 0.0 per cent.
- US pending home sales (YoY) Aug at 15.00. Expected at -1.0 per cent, up from 1.3 per cent.
- US FOMC's Stein speech at 15.10
- UK GfK consumer confidence at 00.05. Expected at -11, up from -13.