What you need to know before the open – 16/10
US uncertainty still dominates – Asian markets remain cautious as the dollar pared gains yesterday, following a series of meeting that failed to see an agreement reached.
The FTSE is expected to have a weak start as European markets are set to open flat this morning – although equities are expected to climb today on hopes of an imminent US deal.
ETX Capital #morningcall FTSE -6, DAX +15, CAC -4, IBEX +16, DOW +43, S&P +6
— ETX Capital (@ETXCapital) October 16, 2013
After a bit of a bounce in US futures European markets are set to open flat. #FTSE 6543 -2, #Dax 8805 unch #Europe #debtceiling
— Mark Murnane (@markmurnane) October 16, 2013
European markets will open in about an hour. The direction should be up if they are anticipating a conclusion to political squabbling here.
— Edward J Morawski (@ejmorawski) October 16, 2013
mornin – European stocks set to open a bit higher with a day to go to the U.S. debt ceiling deadline – DAX looks set to make new record high
— Alistair Smout (@asmo17) October 16, 2013
Key events:
- UK claimant count change for September at 9.30am. Expected at -25,000 from -32,600.
- UK unemployment rate for the three months to August at 9.30am. Expected unchanged at 7.7 per cent.
- Eurozone consumer price index for September at 10.00am. Expected up 0.5 per cent from 0.1 per cent.
- Eurozone trade balance for August at 10.00am
- US MBA mortgage applications (Oct 11) at 12.00pm
- US TIC flows for August at 2.00pm
- US NAHB housing market index for October at 3.00pm. Expected unchanged at 58.