European premarket 19.11.2012

 

Obama described the negotiations with the Republicans as optimistic

 

European stock markets closed lower on Friday with pending the outcome of negotiations between President Obama and Republican part of the Congress on the issue of overcoming the fiscal crisis that threatens to plunge the U.S. economy into a second wave of recession. European markets closed on Friday, even before it became known to the finance minister optimistic T. Geithner and Obama, after talks in Congress, in anticipation of solving the budget crisis.

Shares Wednesday fell on Friday were paper companies in the financial sector.

Index DJ EURO STOXX BANK up to previous trading closed at 101.60 (-2.72%). Shares of ING Group NV, UniCredit and Deutsche Bank lost between 3.15% to 3.76%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,605.59 (-1.27%); DAX 30 - 6,950.53 (-1.32%); CAC 40 - 3,341.52 (-1.21%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2450.50 (+0.49%). Trading in Europe will open growth.

 

European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,067.45 (-1.04%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.60% (+0.002 NCP), the 10-year German Government Bonds is 1.33% (-0.001 NCP), and the 10-year UK Government Bonds is 1.73% (+0.000 NCP).

 

Oil futures morning before the opening of the European trading session amid growing Middle East conflict between Israel and Palestine. Waiting for further deterioration in the situation is pushing up oil quotes.

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.80 (+0.77%), and U.S. crude oil WTI (ICE) 87.93 (+1.15%).

Gold futures morning at 1,712.30 (-0.09%), quotes of copper at

347.00 (-0.10%).

Commodity Index CRB Index for the previous trading day was 292.84 (-0.37%).

 

In the currency market, the U.S. dollar down against major currencies. The strong decline in the dollar against the commodity currencies is celebrated amid rising energy prices. The single currency is also growing, but so far as a whole continues to consolidate.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.15 (-0.20%).

    

Prediction of the day:

Against the background of optimistic news about the prospects of negotiations to overcome the fiscal crisis in the U.S., as well as rising of oil prices the AUD/USD pair has the potential to grow to a level of 1.0435-45 in the short term.

 

Events today:

Moscow time

12.30 Germany Speech by Bundesbank Weidman

19.00 U.S. sales of existing homes in October n / a; 4,76 million, 4.75 million

19.00 U.S. Housing Market Index from November NAHB n / a; 41, 41

 

Sergei Kostenko