What you need to know before the open – 15/10
Economic confidence in the US is dwindling as we enter day 15 of shutdown, although markets don't seem too worried at present. Equity markets continue to display confidence that a US Senate agreement could be reached this week, but the shift to Congress, with its Republican majority, will throw up deeper disagreements. The lack of market pressure may, of course, be slowing down a political reaction.
#FTSE called up 40 on the open – playing catch-up with late US rally on debt-deal hopes. #AUD firmer as #RBA in no rush to ease further.
— David Morrison (@jmoz62) October 15, 2013
The FTSE 100 is set to open 0.5% higher with positive noises coming out of Washington about a budget deal to end the political standoff.
— Mike Heelan TEP (@MichaelHeelan) October 15, 2013
FTSE 100 +0.3% at 6508; S&P 500 +0.4% at 1710; Nikkei 225 +0.2% at 14435
— Mike Heelan TEP (@MichaelHeelan) October 15, 2013
Latest UK inflation numbers, out this morning, are expected to highlight a continued slowdown in CPI inflation.
Key events:
- French consumer price index (EU normalised) for September at 7.45am. Expected down 0.2 per cent from +0.5 per cent.
- UK consumer price index for September at 9.30am. Expected at 0.3 per cent, down from 0.4 per cent.
- UK producer price index for September at 9.30am. Expected at 0.1 per cent, up from 0.0 per cent.
- UK retail price index for September at 9.30am. Expected at 0.4 per cent, down from 0.5 per cent.
- Eurozone ZEW survey – economic sentiment for October at 10.00am. Expected at 59.4, up from 58.6.
- German ZEW survey – economic sentiment for October at 10.00am. Expected to remain unchanged at 49.6.
- US Redbook index at 1.55pm
- US Fed's Dudley speech at 3.00pm