European premarket 07.11.2012

 

Obama won, caused optimism in the markets

    

European stock market was closed on Tuesday en growth background of good reporting insurance company Adecco, whose shares were up 0.92%. Insurer Hannover Re shares jumped 4.47%. Under pressure were shares of companies automotive sector. Paper BMW and Volkswagen lost 0.68% and 4.13% respectively. But in general, the market was awaiting the outcome of the U.S. election.

Index DJ EURO STOXX BANK up to previous trading closed at 107.37 (+1.17%). Paper UniCredit, Societe Generale and Deutsche Bank rose from 1.95% to 2.46%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,884.90 (+0.79%); DAX 30 - 7,377.76 (+0.70%); CAC 40 - 3,478.66 (+0.87%). Futures DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2559.50 (+0.50). European stock markets open growth.

 

European index of "blue chips" FTSEurofirst 300, closed on Tuesday at 1,114.77 (+0.56%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.69% (-0.063 points), the 10-year German Government Bonds is 1.44% (+0.011 points), and 10-year-old UK Government Bonds is 1.82% (+0.000 points).

 

Oil futures on the morning electronic trading grows, starting a presidential rally in commodity markets.

Mark Brent Oil (ICE) in morning electronic trading before the opening of Europe at 110.68 (+2.67%) and U.S. crude oil WTI (ICE) 88.39 (+3.10%).

Gold futures morning at 1,723.30 (+0.48%), quotes copper at 351.65 (+0.30%).

Commodity Index CRB Index for the previous trading day was 297.17 (+1.66%).

 

In the currency market, the dollar is under heavy pressure against the results of the U.S. elections, which were won by Barack Obama.

The dollar index ICE, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.44 (-0.50%).

    

Prediction of the day:

EURUSD pair has a good chance against the election results in the United States grow up to the level of 1.3000.

 

Events today:

Moscow time

12.00 Switzerland's currency reserves in October n / a; n / a; 429,5 billion

12.15 Switzerland Consumer Price Index in October n / a; 0,3% m / m, 0.3% y / y

14.00 Eurozone retail sales in September n / a; 0,0% m / m and 0.1% m / m

15.00 Germany Industrial production in September n / a; -0,4% m / m, -0.5% m / m

 

Sergei Kostenko