What you need to know before the open – 15/11
US markets continue to see record highs on the back of Janet Yellen's easy money talk yesterday, and their Asian counterparts followed suit in Friday trading.
But European markets, whilst gaining of the Fed chair elect's comments, did not respond with the same enthusiasm. One reason for this could be that Europe has a weaker growth outlook than the US, but the difference in reaction could also be down to investor complacency when it comes to how long the Fed will stay accommodative for.
ETX Capital #MorningCall FTSE +9, DAX +5, CAC +6, Spain +9, DOW +8, S+P +1.5
— ETX Capital (@ETXCapital) November 15, 2013
Key events:
- Eurozone consumer price index for October at 10.00am. Expected at -0.1 per cent from 0.5 per cent.
- US export and index price indices for October at 1.30pm. Exports expected at 0.0 per cent from 0.3 per cent. Imports expected at -0.2 per cent from 0.2 per cent.
- US industrial production for October at 2.15pm. Expected at 0.2 per cent from 0.6 per cent.