What you need to know before the open – 03/01
A quiet and steady open is expected for European markets today, as significant data releases remain thin on the ground.
US markets closed lower after their first day of trading in 2014, following data that suggested a slowdown in Chinese and US manufacturing expansion.
From ETX Capital:
At 0430 BST today, FTSE 100 futures are trading 3.1 points lower.
At 0430 BST today, German DAX Xetra 30 futures are trading 0.2 points down, while French CAC-40 futures are trading 0.6 points higher.
ETX Capital #morningcall: FTSE100 down 15 points, the DAX lower by 40 points and the CAC40 off by 10 points
— ETX Capital (@ETXCapital) January 3, 2014
Key events:
- Spain unemployment change for December at 8.00am.
- EU M3 money supply for November at 9.00am. Expected at 1.5 per cent from 1.4 per cent.
- UK consumer credit for November at 9.30am. Expected at 0.7bn from 0.46bn.
- UK mortgage approvals for November at 9.30am. Expected at 69,000 from 67,701.
- UK net lending to individuals for November at 9.30am. Expected at £2bn from £1.7bn.
- UK PMI construction for December at 9.30am. Expected at 62 from 62.6.
- Italy CPI for December at 10.00am. Expected at 0.3 per cent from -0.3 per cent.
- US ISM New York index for December at 2.45pm.
- US Fed's Bernanke speech at 7.30pm.