What you need to know before the open – 28/11
European bourses are set to open mixed this morning as unemployment and CPI data come in from Germany. US markets are closed for Thanksgiving, which is likely to subdue Europe further. The Dax, however, is expected to open higher, after German parties agreed on a grand coalition deal yesterday.
ETX Capital #morningcall: FTSE100 down 2 points, the DAX higher by 16 points and the CAC40 lower by 3 points
— ETX Capital (@ETXCapital) November 28, 2013
The Nikkei 225 index was pushed up 1.8 per cent to a six-year high of 15,727 in Thursday trading, reinforcing the correlation with a weak yen.
Key events:
- German unemployment change for November at 8.55am. Expected at 1,000 from 2,000.
- Eurozone monetary supply for the three months to October at 9.00am.
- Eurozone consumer confidence for November at 10.00am. Expected at -15.4 from 14.5.
- Eurozone economic sentiment indicator for November at 10.00am. Expected at 98.0 from 97.8.
- UK Bank of England's Carney speech and financial stability report at 10.30am.
- German consumer price index for November (flash estimate) at 1.00pm. Expected at 0.1 per cent from -0.2 per cent.