Before the open – 06/08
Stocks are expected to open down in Europe, following US and Asian markets, on investor profit taking.
$FTSE seen dwn 10 points on weaker US & Asia. $ULVR Unilever downgrde @ JPM, $GSK Glaxo downgrde @ Citi. $EMG Man Group Citi upgrade est. MB
— IGSquawk (@IGSquawk) August 6, 2013
Morning ftse -20, dow -26, SP 1704, nikkei +82, H/S -336, dax -14, crude 106.37 cable 1.5335
— Wayno (@waynog) August 6, 2013
Key events:
- Italian June industrial output at 09.00. A rise from -4.2 per cent to -3.2 per cent in the year to date is expected.
- UK June industrial production at 09.30. A rise from -2.3 per cent to 0.6 per cent in the year to date is expected.
- UK June manufacturing production at 09.30. A rise from -2.9 per cent to 0.7 per cent in the year to date is expected.
- Italian second quarter GDP at 10.00. A rise from -0.9 to -0.3 per cent is expected.
- German June factory orders at 11.00. A rise from -2.0 per cent to -0.2 per cent in the year to date is expected.
- UK NIESR GDP estimate for the three months to July at 15.00. A rise from 0.4 per cent to 0.5 per cent is expected.