What you need to know before the open – 24/01
Yesterday, with disappointing economic data from China and a raft of lacklustre earnings reports over the week, markets finally made a marked move downwards.
earnings concerns & Chinese data takes Street of Dreams lower – DOW -1%, S&p 500 -0.86%, NASDAQ -0.57% – DOW has lost 2% this month & S&P 1%
— David Buik (@truemagic68) January 24, 2014
Asian markets, apart from Shanghai +0.69% takes a small bath – ASX -0.42%, Hang Seng -0.86%, NIKKEI -2.32% at 5.50am GMT
— David Buik (@truemagic68) January 24, 2014
European stocks are set for a muted opening today after being set back by yesterday's losses.
ETX Capital #MorningCall FTSE+6, DAX -8, CAC -4, IBEX -2, SP -0.5, DOW -8
— ETX Capital (@ETXCapital) January 24, 2014
Key events:
- Spain producer price index for December at 8.00am.
- Italy retail sales for December at 9.00am.
- UK BBA mortgage approvals for December at 9.30am. Expected at 47,200 from 45,000.
- UK Bank of England governor Carney speech at 12.05pm.
- Canada consumer price index for December at 1.30pm. Expected at 1.3 per cent from 0.9 per cent.