What you need to know before the open – 27/9
Having brushed off uncertainty from the US, European markets are expected to open on a soft up this morning:
Early start, here are the IG forecasts for the European open: FTSE +5 at 6571; DAX +10 at 8674; CAC +5 at 4192.
— David Jones (@DavidJones_IG) September 27, 2013
#Gekko Europe; opening calls FTSE +13, DAX +19, CAC +8 & Eurostoxx +7.
— Trading Desk (@GGMTradingDesk) September 27, 2013
US markets picked up again yesterday evening, following five successive down days; they've been helped by continued improvement in weekly job claims but traders remain mindful of the ongoing political bickering in Washington.
Asian markets ended the week on a positive after a rather lacklustre week.
Key events:
- ECB president Draghi's speech at 10.00
- Eurozone economic survey Sept at 10.00 – economic sentiment indicator Sept. Expected at 96.0, up from 95.2.
- German consumer price index Sept at 13.00. No change expected.
- US economic indicators Aug at 13.30. Personal spending expected at 0.4 per cent, up from 0.1 per cent. US personal income expected at 0.3 per cent, up from 0.1 per cent.
- US consumer sentiment index Sept at 14.55. Expected at 78.2, down from 82.1.