What you need to know before the open – 05/11
We should see another positive start this morning after the Fed's James Bullard did very little to raise expectations of an imminent taper for the US yesterday.
Cable $1.5968, €/$1.3498, $/¥98.43 – Gold – $1315.33 – Nymex -$94.73, Brent $106.38 – European opening calls – FTSE +17, DAX +10, CAC +5
— David Buik (@truemagic68) November 5, 2013
European equity futures: Euro stoxx +0.229%, FTSE +0.230%, CAC +0.187%, DAX +0.172%
— DailyFXTeamMember (@DailyFXTeam) November 5, 2013
Key events:
- UK Markit services PMI for October at 9.28am. Expected at 60.4, from 60.3.
- Eurozone producer price index for September at 10.00am. Expected at 0.3 per cent, from 0.0 per cent.
- Eurozone economic growth forecasts at 10.00am.
- US ISM non-manufacturing PMI for August at 3.00pm. Expected at 54.0, from 54.4.
- US Fed's Lacker speech at 6.15pm.