What you need to know before the open – 17/10
After a 17-day stalemate, last night's deal to raise the debt ceiling and re-open the government might mean that a political point has been made in the US, but it may also mean we see markets looking a little under the weather this morning.
Global markets will follow the US lead today: Asian markets are already up strongly.
— RMB Global Markets (@RMB_GM) October 17, 2013
European futures suggest that the good news may already be priced in, markets poised for a muted open at this stage ^KB #stocks
— FOREX.com (@FOREXcom) October 17, 2013
ETX Capital #morningcall FTSE -12, DAX -9, CAC -8, IBEX -24, DOW -20, S&P -2.5
— ETX Capital (@ETXCapital) October 17, 2013
Key events:
- UK retail sales for September at 9.30am. Expected unchanged at 2.1 per cent.
- Eurozone construction output for August at 10.00am
- US Fed Fisher's speech at 12.45pm
- US housing starts for September at 1.30pm. Expected at 938,000, up from 918,000.
- US initial jobless claims at 1.30pm. Expected at 357,000, down from 374,000.
- US Philadelphia Fed manufacturing survey for October at 3.00pm. Expected at 15.0, down from 22.3.