European premarket from Sergei Kostenko

 

The EU summit did't encouraged investors

 

European shares closed on Friday with a lower on weak statements of U.S. companies General Electric and McDonald's, as well as the fact that the EU summit did not address the question of Greece, and Spain.

Index DJ EURO STOXX BANK up to previous trading closed at 109.03 (-3.08%). Shares of Spanish bank BBVA, Bco De Sabadell and Banco Popular have fallen from 3.04% to 5.27%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 13,343.51 (-1.52%); DAX 30 - 1,433.19 (-1.66%); CAC 40 - 3,005.62 (-2.19%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,536.00 (+0.08%). Trading in Europe will open neutral.

 

European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,111.85 (-0.78%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.78% (+0.020 NCP), the 10-year German Government Bonds is 1.59% (-0.002 NCP), and the 10-year UK Government Bonds is 1.88% (-0.033 NCP).

 

Oil futures morning before the opening of the European trading session after failing to grow on Friday due to weak corporate statements of U.S. companies and on this background before fixing the profits.

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 110.68 (+0.49%), and U.S. crude oil WTI (ICE) 90.89 (+0.50%).

Gold futures morning at 1,725.20 (+0.07%), quotes of copper at

364.95 (+0.33%).

Commodity Index CRB Index for the previous trading day was 306.05 (-0.87%).

 

In the foreign exchange market began a slight weakening of the dollar against major currencies except the yen, which has strengthened its decline against the background of economy minister Seiji Maehara, who said that "the country needs more measures easing of monetary policy and efforts to stimulate growth." Expectation of a further easing of monetary policy the Bank of Japan put pressure on the yen.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.57 (-0.15%).

    

Prediction of the day:

It can be assumed that if the EURUSD pair will overcome the level of 1.3060, it will grow to the level of 1.3130 after. If it does not, then the pair may fall to the level of 1.2940-50.

 

Events today:

Moscow time

21.30 of the members of the U.S. FOMC Sandra Pianalto

 

Sergei Kostenko