What you need to know before the open – 03/02
Another downbeat day anticipated after US and Asian markets plummeted, following surprisingly poor manufacturing data from the US.
European stocks are expected to mirror counterparts this morning, opening lower:
ETX Capital #morningcall: #FTSE100 down 43 points, the #DAX to slide 94 points and the #CAC40 to drop 38 points
— ETX Capital (@ETXCapital) February 4, 2014
Key events:
- UK PMI construction for January at 9.30am. Expected at 61.5 from 62.1.
- EU producer price index for December at 10.00am. Expected at -0.9 per cent from 1.2 per cent year-on-year.
- Italy CPI for January at 10.00am. Expected unchanged at 0.7 per cent year-on-year.
- US Fed’s Lack speech at 1.30pm.
- US ISM New York index for January at 2.45pm.
- US factory orders for December at 3.00pm. Expected at -1.9 per cent from 1.8 per cent.
- US Fed’s Evans speech at 5.30pm.