European premarket 14.11.2012

 

The market does not believe in the prospects of the "fiscal cliff" ...

 

European stock markets closed on Tuesday in hopes of increasing that budget problems in the U.S. will soon be resolved, and Athens still receive financial aid. Poor statistics in Germany and the euro zone could not completely ruin the mood of investors. The index of economic sentiment in Germany was much worse than expected -15.7 points vs. -9.8 points, while the ZEW index of economic sentiment in the euro zone out at -2.6 points against the forecast of growth by 0.2 points. Growth leaders yesterday were shares of companies in the financial sector.

 

Index DJ EURO STOXX BANK up to previous trading closed at 105.28 (+2.66%). Paper Banco Santander, UniCredit and Intesa Sanpaolo jumped from 3.59% to 5.19%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,786.25 (+0.33%); DAX 30 - 7,169.12 (+0.01%); CAC 40 - 3,430.60 (+0.56%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2481.50 (+0.32%). Trading in Europe will open growth.

 

European index of "blue chips" FTSEurofirst 300, closed on Tuesday at 1,099.16 (+0.44%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.61% (+0.019 NCP), the 10-year German Government Bonds is 1.34% (-0.006 NCP), and the 10-year UK Government Bonds is 1.71% (-0.008 NCP).

 

Oil futures morning before the opening of the European trading session consolidated awaiting the start of negotiations with Congress, Obama on the issue of overcoming the situation related to the probability of the "fiscal cliff."

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 108.27 (+0.01%), and U.S. crude oil WTI (ICE) 85.53 (+0.18%).

Gold futures morning at 1,725.30 (-0.32%), quotes of copper at

344.05 (-0.79%).

Commodity Index CRB Index for the previous trading day was 292.16 (+0.00%).

 

In the currency market the dollar slightly down against the dollar and the yen rising against the pending release of statistics from the U.S., as well as the results of the talks Obama and members of the Republican Congress, which will begin on Friday.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.10 (-0.06%).

    

Prediction of the day:

Economic statistics from Australia supports the Australian currency, which, if not worsen the general mood has the potential to grow to the level of 1.0500.

 

Events today:

Moscow time

13.30 UK Changing the number of applications for unemployment benefits in October n / a; -5.100; -4.000

13.30 UK unemployment rate in September n / a; 7,9%; 7,9%

13.30 UK The change of the average wage in September n / a; 1,8% 3m / y and 1.7% 3m / y

14.00 Switzerland ZEW economic expectations index in October n / a; n / a; -28,9

14.00 Eurozone industrial output in September n / a; -1,6% m / m and 0.6% m / m

14.30 Great Speech Governor of the Bank of England M. King

14.30 UK Bank of England report on inflation and growth prospects

17.30 U.S. retail sales excluding auto sales in October n / a; 0,3% m / m and 1.1% m / m

17:30 U.S. Producer Price Index in October n / a; 0,2% m / m and 1.1% m / m

17.30 U.S. retail sales in October n / a; 0,0% m / m and 1.1% m / m

Basic 17.30 U.S. producer price index in October n / a; 0,2% m / m and 0.0% m / m

19.00 U.S. business inventories in September n / a; 0,4% m / m and 0.6% m / m

23.00 Minutes of the U.S. Federal Committee on Open Market

 

Sergei Kostenko