Thursday 30 January 2014 2:47 am

What you need to know before the open – 30/01

By: Harriet Green

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European markets are expected lower this morning after the Fed’s open market committee made the unanimous decision last night to trim another $10bn off its asset purchase programme. 

In addition, PMI figures from China showed that manufacturing activity in the country contracted in January.

Asian markets slipped on the news, with the Nikkei losing 3.2 per cent. 

ETX Capital #morningcall: FTSE100 down 20 points, the DAX lower by 23 points and the CAC40 to open flat

— ETX Capital (@ETXCapital) January 30, 2014

Key events:

• Spain GDP for the fourth quarter at 8.00am. Expected at 0.3 per cent from 0.1 per cent.
• Germany unemployment rate and change for January at 8.55am. Rate expected unchanged at 6.9 per cent.
• UK consumer credit for December at 9.30am. Expected at £700m from £627m.
• UK net lending to individuals for December at 9.30am. Expected at £1.9bn from £1.5bn.
• UK M4 money supply for December at 9.30am. Expected at 0.3 per cent from 0.0 per cent.
• UK mortgage approvals for December at 9.30am. Expected at 73,000 from 70,758.
• EU consumer confidence for January at 10.00am. Expected at -11.7 from 1.13.5.
• EU economic sentiment indicator for January at 10.00am. Expected at 101 from 100.
• EU industrial confidence for January at 10.00am. Expected at -2.8 from -3.4.
• EU services sentiment for January at 10.00am. Expected at 0.8 from 0.2.
• Germany consumer price index for January at 1.00pm. Expected at 1.5 per cent from 1.4 per cent year-on-year.
• US GDP for the fourth quarter at 1.30pm. Expected at 1.3 per cent from 2.0 per cent.
• US initial jobless claims (17 January) at 1.30pm. Expected at 330,000 from 326,000.
• US personal consumption expenditures prices for the fourth quarter at 1.30pm. Expected at 0.7 per cent from 1.9 per cent.
• US pending home sales for December at 3.00pm.
• Japan Nomura/JMMA manufacturing purchasing managers index for January at 11.13pm.
• Japan national CPI year-on-year for December at 11.30pm.
• Japan overall household spending year-on-year for December at 11.30pm. Expected at 1.2 per cent from 0.2 per cent.
• Japan unemployment rate for December at 11.30pm. Expected at 3.9 per cent from 4.0 per cent.
• Japan industrial production year-on-year for December at 11.50pm.