European premarket 26.10.2012

 

Markets continue to react nervously to the news from Europe

 

European shares finished trading mixed Thursday amid new concerns related to Greece. Of the IMF report, which was published yesterday, that Athens must also additional time to resolve their problems. And as previously stated European officials and Greece still need 30 billion euros ($ 39 billion) to compensate for a deep recession and the lag of the austerity plan. Yesterday's lowering of credit ratings of a number of French BNP Paribas, Société Générale and Crédit Agricole banks by rating agency Standard & Poors dealt an additional blow to market sentiment.

Today will be held accountable for the third quarter of the Norwegian oil company Statoil and Spanish banks Banco Popular Caixa Bank.

 

Index DJ EURO STOXX BANK up to previous trading closed at 106.30 (-1.18%).

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,802.44 (-0.04%); DAX 30 - 7,200.23 (+0.10%); CAC 40 - 3,411.53 (-0.44%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,459.00 (-0.81%). Trading in Europe with open reduction.

 

European index of "blue chips" FTSEurofirst 300, closed on Thursday at 1,095.90 (+0.20%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.80% (-0.028 NCP), the 10-year German Government Bonds is 1.55% (-0.030 NCP), and the 10-year UK Government Bonds is 1.91% (+0.064 NCP).

 

Oil futures morning before the opening of the European trading session down for reasons of sustainable concerns that demand for raw material assets will fall.

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 107.57 (-0.86%), and U.S. crude oil WTI (ICE) 85.30 (-0.88%).

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 297.74 (+0.02%).

 

In the currency market, the dollar is supported against decrease in Asian markets due to weak yesterday's quarterly statements of U.S. companies. Under strong pressure from commodity currencies are due to a sharp drop in prices of oil in the Asian trading session. The single currency was also reduced due to yesterday's slide agency Standard & Poors credit rating of major French banks.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.24 (+0.15%).

    

Prediction of the day:

EUR/USD pair today can also try to test the level of 1.2875, if U.S. GDP data will be worse than forecast. At the same time, the output statistics in line with the forecast can locally support the single currency and it may again test the level of 1.3000.

 

Events today:

Moscow time

11.00 Switzerland KOF economic barometer October n / a; 1,72; 1,67

16.30 U.S. GDP grew 3 kv.2012 n / a; 1,8; q / q, 1.3% q / q

16:30 U.S. Q3 GDP deflator. 2012 n / a; 2,0% q / q and 1.6% q / q

17.55 U.S. revised data on consumer sentiment from the University of Michigan in October n / a; 82,7; 83,1

17.55 Revised data on U.S. inflation expectations from the University of Michigan in October n / a; n / a; 3,1%

 

Sergei Kostenko

 

*Recommendations listed in this article, can not be used as a base for the direct actions.