What you need to know before the open – 29/01
European bourses are expected higher this morning, ahead of the Fed’s Open Market Committee meeting and in the wake of Turkey’s rates hike.
Over in Asia, the Nikkei leapt the most in five months on the news that Turkey has increased interest rates from 7.75 per cent to 12 per cent.
Post a measurable sell off in January European bourses to open positively, waiting for FOMC on tapering tonight. FTSE +40, DAX +85, CAC+37
— David Buik (@truemagic68) January 29, 2014
Key events:
- EU M3 money supply for December at 9.00am. Expected at 1.7 per cent from 1.5 per cent.
- Italy business confidence for January at 9.00am. Expected at 98.7 from 98.2.
- US MBA mortgage applications (24 January) at 12.00pm.
- US Fed interest rate decision at 7.00pm. Expected unchanged at 0.25 per cent.
- US Fed pace of asset purchase programme at 7.00pm.