What you need to know before the open – 27/11
Data will be coming in pretty thick and fast for the UK and US today, although we're not expecting any surprises as far as UK GDP goes. US trading is expected to be pretty light today, ahead of the Thanksgiving break tomorrow.
Rising military tension between China and Japan prompted mixed reactions on Asian markets, along with yesterday's sell-off in Europe.
ETX Capital #morningcall: FTSE100 down 2 points, the DAX higher by 20 points and the CAC40 up by 10 points.
— ETX Capital (@ETXCapital) November 27, 2013
Key events:
- France consumer confidence for November at 7.45am. Expected unchanged at 85.
- Germany consumer confidence survey for December at 9.00am. Expected at 7.1 from 7.0.
- UK government spending review at 9.30am.
- UK GDP flash estimate for third quarter at 9.30am. Expected at 1.5 per cent from 1.3 per cent, year-on-year.
- US CBI distributive trades survey for November at 11.00am. Expected at 8 from 2.
- US MBA mortgage applications (22 November) at 12.00pm.
- US durable goods orders for October at 1.30pm. Expected at -1.9 per cent from 3.8 per cent.
- US Chicago Fed national activity index for October at 1.30pm.
- US initial jobless claims (15 November) ay 1.30pm. Expected at 330,000 from 323,000.
- US Chicago purchasing managers' index for November at 2.45pm. Expected at 60.0 from 65.9
- US Reuters/Michigan consumer sentiment index for November at 2.55pm. Expected at 73.5 from 73/2.
- US CB leading indicator for October at 3.00pm. Expected at 0.0 per cent from 0.7 per cent.