European premarket 15.11.2012

 

Markets continue to fall ...

 

European stock markets continued to fall on Wednesday, following the collapse on the eve of the U.S. stock market on news of weak economies of Portugal and Germany. General negative sentiment continues to influence the gloomy market sentiment. Again, with the possibility of an epic budget crisis in the United States can not tune in to a positive. In the largest decline on this background were the shares of financial companies.

 

Index DJ EURO STOXX BANK up to previous trading closed at 104.13 (-1.09%). Paper Societe Generale, UniCredit and Deutsche Bank fell from 1.38% to 2.39%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,722.01 (-1.11%); DAX 30 - 7,101.92 (-0.94%); CAC 40 - 3,400.02 (-0.89%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 346.25 (+0.20%). Trading in Europe will open a slight increase.

 

European index of "blue chips" FTSEurofirst 300 closed Wednesday at 1,088.43 (-0.98%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.59% (-0.002 NCP), the 10-year German Government Bonds is 1.32% (-0.018 NCP), and the 10-year UK Government Bonds is 1.75% (+0.042 NCP).

 

Oil futures morning before the opening of the European trading session traded without much change after yesterday's growth amid rising military tensions escalate in the Middle East.

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.77 (+0.15%), and U.S. crude oil WTI (ICE) 86.31 (-0.01%).

Gold futures morning at 1,724.20 (-0.34%), quotes of copper at

346.25 (+0.26%).

Commodity Index CRB Index for the previous trading day was 293.92 (+0.60%).

 

In the foreign exchange market witnessed volatile dynamics. Yen falls against the U.S. dollar amid expectations of continued loose monetary policy of the Bank of Japan, European currencies are consolidated before leaving the important statistics from Europe. GDP data for the third quarter in Germany were better than expected + 0.2% vs. 0.1%, but this did not have the support of the single currency, which continues to put pressure on European debt problems and the fiscal crisis in the U.S..

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.21 (+0.14%).

    

Prediction of the day:

If the data from the eurozone and the U.S. will be weak, this should have a negative pressure on the single currency and to the attitude of investors to buy with risk.

 

Events today:

Moscow time

13.00 Eurozone ECB Monthly Bulletin

13.30 UK retail sales in October n / a; -0,1% m / m and 0.6% m / m

14.00 Eurozone consumer price index in October n / a; 2,5% y / y, 2.5% y / y

14.00 Eurozone core consumer price index in October n / a; 1,5% y / y and 1.5% y / y

14.00 Eurozone Preliminary assessment of change in GDP Q3. 2012 n / a; -0,2% q / q, 0.2% q / q

17.30 Canada Consumer Price Index in September n / a; 0,3% m / m and 1.5% m / m

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

17.30 U.S. Consumer Price Index in October n / a; 0,1% m / m and 0.6% m / m

17.30 U.S. The number of initial claims for unemployment benefits 05.11-11.11 n / a; 362.000; 355.000

17.30 U.S. index of business activity in the industry the FBI in New York in November n / a; -7,0; -6,2

18.00 U.S. President's speech Richmond Fed Dzh.Lakera

19.00 U.S. manufacturing index according to the Philadelphia Fed n / a; n / a; 2,3 5,7

19.00 U.S. Mortgage loans past due 3 square. 2012 n / a; n / a; 7,58%

19.30 Canada Bulletin of the Bank of Canada

19.30 Change in U.S. natural gas reserves 05.11-11.11 n / a; n / a; 21 billion cubic meters. ft.

20:00 U.S. Change oil 05.11-11.11 n / a; n / a; 1,8 million barrels.

22.20 U.S. Federal Reserve Chairman Ben Bernanke Speech

 

Sergei Kostenko