What you need to know before the open – 13/11
With Asian markets closing lower today, European markets are expected to follow suit, as investors await UK unemployment numbers later this morning.
With Mark Carney's report following the data, the focus will be on the Bank of England's forecast for growth and unemployment, along with its plans for a rate hike.
European opening calls broadly weaker – FTSE100 expected to open -47 at 6,680 DAX expected to open -36 at 9,040
— Michael Hewson (@mhewson_CMC) November 13, 2013
Quite a weak start forecast for the FTSE this morning- currently expected to open -45 at 6682.
— David Jones (@DavidJones_IG) November 13, 2013
Key events:
- Spain consumer price index for October at 8.00am.
- UK average earnings and ILO unemployment rate for 3 months to September at 9.30am. Unemployment rate expected unchanged at 7.7 per cent.
- UK claimant count for September at 9.30am.
- Eurozone industrial production for September at 10.00am. Expected at -0.3 per cent from 1.0 per cent.
- UK Bank of England Quarterly Inflation Report at 10.30am. Followed by Governor Carney's speech.
- US MBA mortgage applications (8 Nov) at 12.00pm.
- US monthly budget statement for September at 7.00pm.