European premarket 23.10.2012

 

Markets are waiting for the results of the Fed meeting

 

European stock markets were closed on Monday in the red zone, pending the results of presidential elections in the United States and the Federal Reserve meeting on monetary policy. Presidential elections will be held in the United States on November 6 and in anticipation of this event, market participants tend not to take risks.

Index DJ EURO STOXX BANK up to previous trading closed at 109.17 (+0.13%). Shares of ING Group NV, Deutsche Bank and UniCredit added from 0.40% to 1.67%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,882.91 (-0.22%); DAX 30 - 7,328.05 (-0.71%); CAC 40 - 3,483.25 (-0.61%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,532.00 (+0.24%). Trading in Europe opened in the green zone.

 

European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,107.42 (-0.40%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.80% (+0.038 NCP), the 10-year German Government Bonds is 1.62% (-0.004 NCP), and the 10-year UK Government Bonds is 1.90% (+0.023 NCP).

 

Oil futures in the morning before the opening of the European trading session, moving in different directions after yesterday's decline amid profit taking, pending the results of the U.S. elections.

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.28 (-0.15%), and U.S. crude oil WTI (ICE) 88.72 (+0.08%).

Gold futures morning at 1,724.50 (-0.10%), quotes of copper at

361.20 (-0.28%).

Commodity Index CRB Index for the previous trading day was 303.51 (-0.83%).

 

Foreign exchange market is waiting for the actual results of the meeting on monetary policy the Fed, and the presidential election in the United States.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.72 (-0.02%).

    

Prediction of the day:

It seems that today in the foreign exchange market will continue a period of consolidation in anticipation of the Fed meeting and Friday's release of the U.S. GDP.

 

Events today:

Moscow time

12.30 UK mortgage approvals in September n / a; 30,900; 30,500

16.30 Canada Basic index of retail sales in August n / a; 0,2% m / m, 0.4% y / y

16.30 Canada retail sales in August n / a; 0,4% m / m, 0.7% y / y

17.00 Canada Decision of the Bank of Canada Interest Rate n / a; 1,00%; 1,00%

18.00 Eurozone consumer confidence in September n / a; -26; -26

18.00 U.S. index of business activity in the manufacturing sector from the Federal Reserve Bank of Richmond in October n / a; 3, 4

21.00 Great Speech by the Bank of England Mervyn King

 

Sergei Kostenko