European premarket 29.10.2012

 

Markets continue to wait ...

 

European stock market closed on Friday due to the growth of better than expected data on U.S. GDP. Preliminary GDP data for the third quarter showed an increase of 2.0% against the projected growth of 1.8%. But in general, the markets continue to remain under pressure due to expectations of presidential elections in the U.S.. Weak reporting companies Ericsson, Renault, Saint Gobain and Publicis are unlikely to boost optimism in the market. With the reduction of the rating agency Standard & Poor's credit rating of the bank BNP Paribas, as well as ratings of the room Credit Agricole, Societe Generale and BPCE put pressure on the securities of companies in the financial sector.

Index DJ EURO STOXX BANK up to previous trading closed at 105.90 (-0.38%). Shares of UniCredit, Societe Generale and BNP Paribas lost between 0.68% to 1.26%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,806.71 (+0.03%); DAX 30 - 7,231.85 (+0.44%); CAC 40 - 3,435.09 (+0.69%). Futures DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2498.00 (+0.04). European stock markets open neutral.

 

European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,097.35 (+0.13%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.73% (-0.012 points), the 10-year German Government Bonds is 1.54% (-0.046 points), and 10-year-old UK Government Bonds is 1.87% (-0.046 points).

 

Oil futures on the morning electronic trading before the opening of Europe continue to be consolidated in anticipation of the U.S. elections and Hurricane "Sandy."

Mark Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.09 (-0.42%) and the U.S. crude oil WTI (ICE) 85.93 (-0.41%).

Gold futures morning at 1,717.70 (+0.34%), quotes copper at 355.05 (+0.01%).

Commodity Index CRB Index for the previous trading day was 296.84 (-0.30%).

 

In the currency market, the dollar is supported, but overall activity in the markets is very low in anticipation of the state selection and closing auctions.

The dollar index ICE, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.23 (+0.09%).

    

Prediction of the day:

We can assume that EURUSD will continue to consolidate in the range of 1.2890-1.2965.

 

Events today:

Moscow time

during the day Germany Preliminary data on the consumer price index in October n / a; 0,0% m / m and 0.0% m / m

14.30 UK change in total private lending September n / a; 0,6 billion pounds -0.4 billion pounds

14.30 UK Money supply M4 September n / a; 0,4% m / m and 0.2% m / m

14.30 UK Number of approved applications for mortgage September n / a; 49.000; 48.000

17.30 U.S. core consumer price index in September n / a; 0,1% m / m and 0.1% m / m

17:30 U.S. September Consumer spending n / a; 0,6% m / m and 0.5% m / m

17:30 U.S. September consumer income n / a; 0,5% m / m and 0.1% m / m

 

Sergei Kostenko