European premarket from Sergei Kostenko

 

Today, the markets will continue correction

 

European shares ended the week mixed, fully recouping the Fed's decision to launch new incentives and awaitin if Spain will take the financial assistance from the three lenders. The uncertainty associated with the situation in Spain, puts pressure on the European stock market.

Index DJ EURO STOXX BANK up to previous trading closed at 109.05 (+2.39%). Shares of Lloyds Banking Group, Royal Bank Scotland Group and BBVA rose from 2.16% to 3.70%.

Major European indexes at the close of the previous trading session: FTSE 100 - 5,852.62 (-0.03%); DAX 30 - 7,451.62 (+0.84%); CAC 40 - 3,530.72 (+0.59%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,544.00 (-0.70%). Trading in Europe opened to reduce the major stock indexes.

 

European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,119.46 (+0.40%).

Before the opening of the European session US yield on 10-year T-Note is 1.74% (-0.012 NCP), the 10-year German Government Bonds is 1.60% (-0.033 NCP), and the 10-year UK Government Bonds is 1.83% (+0.037 NCP).

Oil futures morning before the opening of the European trading session on news of declining Chinese official that further easing of monetary policy, as it was in 2009 will not be.

Brent Oil (ICE) in the morning electronic trading before the opening of Europe at 110.54 (-0.80%), and U.S. crude oil WTI (ICE) 92.06 (-0.90%).

Gold futures morning at 1,763.90 (-0.79%), quotes copper at 374.70 (-1.11%).

Commodity Index CRB Index for the previous trading day was 308.98 (+0.67%).

 

In the currency market correction continues to strengthening the dollar. Spanish history does not allow market participants to calm down about the prospects for the local debt crisis. Besides the end of the financial year in the U.S. leads to high volatility in the markets.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.63 (+0.29%).

 

Prediction of the day:

If the EURUSD pair to stay above 1.2940 level, then there is a possibility that she brought to the level of 1.3300.

 

Events today:

Moscow time

12.00 Germany Ifo business climate indicator in September n / a; 102,6; 102,3

23.00 Canada Speech by Bank of Canada Governor Mark Carney

23.30 U.S. FOMC Statement member John Williams

Sergei Kostenko

 

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