European premarket 25.10.2012

 

The fed reiterated its firm line about the monetary policy

 

European shares ended trading on Wednesday, in a green area for a meeting eurozone leaders on whether to allow the Spanish crisis. Investors continue to hope that the uncertainty around Spain will disappear. European markets rose, despite the poor statistics from Germany. Business climate index (PMI) fell to 48.1 points from 49.2 points in September. The leaders were paper company SAP AG, Pump up 4.18%, which works in the field of software development.

Index DJ EURO STOXX BANK up to previous trading closed at 107.57 (+0.43%). Shares of Deutsche Bank, UniCredit, and Group NV rose from 0.67% to 1.16%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,804.78 (+0.12%); DAX 30 - 2,490.58 (+0.51%); CAC 40 - 3,426.49 (+0.59%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,498.00 (+0.36%). Trading in Europe will open growth.

 

European index of "blue chips" FTSEurofirst 300 closed Wednesday at 1,093.71 (+0.46%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.81% (+0.023 NCP), the 10-year German Government Bonds is 1.60% (+0.032 NCP), and the 10-year UK Government Bonds is 1.85% (+0.025 NCP).

 

Oil futures morning before the opening of the European trading session yesterday after growing up a slight reduction on the background data on oil and petroleum products in the United States. Crude oil inventories last week rose to 375,125 million barrels. Motor gasoline stocks rose by 1.4 million barrels, which is the lower limit of the average range for this time of year. Inventories of distillate fuels fell by 0.64 million barrels last week and are in the lower range for this time of year. Common commercial petroleum inventories increased by 4.0 million barrels. Today, due to the increase in oil prices, the Fed's decision yesterday to continue their earlier rate easing of monetary policy to the labor market recovery.

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 108.33 (+0.44%), and U.S. crude oil WTI (ICE) 86.19 (+0.53%).

Gold futures morning at 1,713.40 (+0.69%), quotes of copper at

358.30 (+0.42%).

Commodity Index CRB Index for the previous trading day was 297.69 (-0.73%).

 

In the currency market, there is a weakening of the U.S. dollar against the major currencies except the yen against the Fed. Yen continues to fall against the dollar for the reasons of the course the Bank of Japan to further injection of liquidity into the market.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.89 (-0.16%).

    

Prediction of the day:

EURUSD pair is testing the 1.3000 level and if it consolidates above it, there is a possibility of its local growth from 1.3065. As for the Dollar Yen, it is likely to further strengthen to the maximum values ​​the end of June 80.60.

 

Events today:

Moscow time

12.00 Eurozone M3 money supply in September n / a; 3,0% y / y, 2.9% y / y

12.00 Eurozone private sector lending in September n / a; -0,4% y / y, -0.6% y / y

12.30 UK Preliminary data on GDP growth 3 kv.2012 n / a; 0,6% q / q, -0.4% q / q

12.30 UK PMI services sector in August n / a; 0,5% 3m/3m, 0.1% 3m/3m

14.15 Great Presentations by the Monetary Policy Committee of the Bank of England Tucker

Basic index of 16.30 U.S. orders for durable goods in September n / a; 0,8% m / m, -1.6% m / m

16.30 The number of U.S. claims for unemployment benefits for the week October 14-20 n / a; 366,000; 388,000

16.30 U.S. orders for durable goods in September n / a; 6,9% m / m, -13.2% y / y

18.00 Outstanding U.S. home sales in September n / a; 2,4% m / m, -2.6% m / m

18:30 U.S. natural gas reserves for the week October 14-20 n / a; n / a; 51 billion cubic meters. ft

 

Sergei Kostenko