European premarket 20.11.2012

 

Markets have grown, but what next? ..

 

European stock markets closed on Monday of this rally inspired with the prospects of a positive resolution of the U.S. budget crisis. And even Greek real problems could not overshadow the optimism of these prospects.

Growth leaders were paper companies in the financial sector.

Index DJ EURO STOXX BANK up to previous trading closed at 105.56 (+3.90%). Shares of Deutsche Bank, Societe Generale and Barclays jumped from 4.68% to 6.64%.

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5,737.66 (+2.36%); DAX 30 - 7,123.84 (+2.49%); CAC 40 - 3,439.58 (+2.93%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2486.50 (-0.30%). Trading in Europe opened in the red.

 

European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,091.50 (+2.25%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.61% (+0.000 NCP), the 10-year German Government Bonds is 1.35% (+0.024 NCP), and the 10-year UK Government Bonds is 1.77% (+0.041 NCP).

 

Oil futures morning before the opening of the European trading session adjusted down amid expectations the armistice between Israel and Hamas, the conflict between which caused quite a rally in commodity and commodity markets.

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 111.63 (-0.06%), and U.S. crude oil WTI (ICE) 89.09 (-0.21%).

Gold futures morning at 1,733.85 (+0.12%), quotes of copper at

352.65 (-0.28%).

Commodity Index CRB Index for the previous trading day was 292.84 (+1.63%).

 

In the foreign exchange market is a small correction to the strengthening of the U.S. dollar yesterday after a strong weakening of the dollar in the first place against the commodity currencies against the rally in commodity markets. Today, market participants expect the news of the Eurogroup on the allocation of financial aid to Greece next.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.98 (-0.41%).

    

Prediction of the day:

Positive news from the Eurogroup can push up to the level of a pair EURUSD 1.2840-50.

 

Events today:

Moscow time

During the day, the Eurogroup meeting of euro zone

17:30 Canada Wholesale September n / a; 0,3% m / m and 0.5% m / m

17:30 U.S. Building Permits October n / a; 0,87 million, 0.87 million

17:30 U.S. October Construction n / a; 0,85 million, 0.87 million

18:00 U.S. FOMC Statement member Lacker

21:15 Speech by U.S. Fed chairman Bernanke U.S.

 

Sergei Kostenko