What you need to know before the open – 13/12
Concerns over Fed action next week rumble on, with US stocks hitting a for-week low yesterday and things look little brighter for European bourses this morning.
No respite for investors at European opening – So little joy, as fear of the unknown (QE) undermines confidence – FTSE -9, DAX -8, CAC -2
— David Buik (@truemagic68) December 13, 2013
Over in Asia, Friday trading saw the Nikkei end a three-day losing run, with the yen sinking to a five-year low against the dollar as strong retail data from the US boosted the appeal of Japanese equities.
Mixed performances by Asian indices at 6.42am – ASX +0.71, Shanghai -0.4%, Hang Seng +0.06%, Nikkei +0.40%
— David Buik (@truemagic68) December 13, 2013
Key events:
- Eurozone employment change for the third quarter at 10.00am.
- US producer price index for November at 1.30pm. Expected at 0.8 per cent from 0.3 per cent.