What you need to know before the open – 14/02
Europe’s focus is GDP numbers today, with numbers for France and Germany already in.
Some better news for France this morning as the country saw growth of 0.3 per cent in the fourth quarter – better than the revised 0.0 per cent (from -0.1 per cent) and above expectations of 0.2 per cent.
Investment was up for the first time, to 0.6 per cent, following seven months of decline. And domestic consumption rose 0.5 per cent in the quarter.
Germany’s economy grew 0.4 per cent in the last three months of 2013, better than expected and stronger than the 0.3 per cent growth seen in the third quarter.
The data will go a small way to countering concerns of a multi-speed Europe, with powerhouse Germany pulling further ahead of struggling neighbours.
Over in Asia, the Nikkei slipped to a one-week low after volatile trading saw it relinquish gains.
ETX Capital #morningcall: FTSE100 down 10 points, the DAX off 12 points and the CAC40 lower by just 3 points
— ETX Capital (@ETXCapital) February 14, 2014
Key events:
- France non farm payrolls for the fourth quarter at 7.45am. Expected unchanged at -0.1 per cent.
- Spain consumer price index for January at 8.00am. Expected at 0.2 per cent from 0.3 per cent year-on-year.
- Italy GDP for the fourth quarter at 9.00am. Expected at 0.1 per cent from 0.0 per cent.
- EU GDP for the fourth quarter at 10.00am. Expected at 0.2 per cent from 0.1 per cent.
- EU trade balance for December at 10.00am. Expected at €15.0bn from €17.1bn.
- Greece consumer price index for January at 10.00am.
- Greece GDP for the fourth quarter at 10.00am.
- US import price index for January at 1.30pm.
- US export price index for January at 1.30pm.
- US industrial production for January at 2.15pm. Expected unchanged at 0.3 per cent.
- US Reuters/Michigan consumer sentiment index for February at 2.55pm. Expected at 80.6 from 81.2.