What you need to know before the open – 07/01
Despite another negative close in the US last night, and mixed data from both sides of the Atlantic, it still looks like Europe will open up this morning, matching gains in US stock index futures.
From ETX Capital:
At 0430 BST today, DJIA futures are trading 24.0 points higher.
At 0430 BST today, FTSE 100 futures are trading 12.4 points higher.
At 0430 BST today, German DAX Xetra 30 futures are trading 14.8 points up, while French CAC-40 futures are trading 5.9 points higher.
European opening reflective though DAX may crack on after 6year PMI high – FTSE +3 DAX +18, CAC unchanged
— David Buik (@truemagic68) January 7, 2014
Over In Asia, however, the Nikkei fell in trading today, with investors heeding the slowdown in growth in the US services sector.
Key events:
- France consumer confidence for December at 7.45am. Expected unchanged at 84.
- German unemployment rate for December at 8.55am. Expected unchanged at 6.9 per cent.
- Eurozone CPI for December at 10.00am. Expected unchanged at 0.9 per cent.
- US trade balance for November at 1.30pm. Expected at $-39.5bn from $-40.6bn.