European premarket 22.11.2012

 

The market today is sluggish because of the weekend in the U.S.

 

European stock markets closed in positive territory on Wednesday against of my head of the German Bundesbank Schaeuble, who said that the assistance will be provided to Greece, and German Chancellor Merkel expressed confidence in his speech that she sees a chance to reach an agreement at a meeting of finance ministers on Monday. Growth leaders were shares of Nokia, which added 5.56% and Spanish banks.

Index DJ EURO STOXX BANK up to previous trading closed at 106.07 (+0.67%).

 

Major European indexes at the close of the previous trading session: FTSE 100 - 5752.03 (+0.07%); DAX 30 - 7184.71 (+0.16%); CAC 40 - 3477.36 (+0.44%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2527.50 (+0.48%). Trading in Europe will open growth.

 

European index of "blue chips" FTSEurofirst 300 closed Wednesday at 1,097.43 (+0.27%).

 

Before the opening of the European session US yield on 10-year T-Note is 1.68% (+0.000 NCP), the 10-year German Government Bonds is 1.43% (+0.014 NCP), and the 10-year UK Government Bonds is 1.83% (+0.007 NCP).

 

Oil futures morning before the opening of the European trading session, moving in different directions on the background of the events in the Middle East. The Middle East crisis is the main reason for the increase of crude oil prices.

Brent Oil (ICE) in morning electronic trading before the opening of Europe at 110.74 (-0.11%), and U.S. crude oil WTI (ICE) 87.53 (+0.17%).

Gold futures morning at 1,730.50 (+0.13%), quotes of copper at

351.55 (+0.26%).

Commodity Index CRB Index for the previous trading day was 297.59 (+0.36%).

 

In the currency market activity is relatively weak because of the weekend in the U.S., but in general, the U.S. dollar remains under pressure due to easing fears associated with the probability of the "fiscal cliff" and expectations of positive news on Monday of the Eurogroup on Greece.

Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.87 (-0.16%).

    

Prediction of the day:

Today activity in the markets will be very weak because of the weekend in the U.S..

 

Events today:

Moscow time

12.30 Germany Preliminary data on the index of business activity in the manufacturing sector in November n / a; 45,9; 46,0

12.30 Germany Preliminary data on the index of business activity in the service sector in November n / a; 48,5; 48,4

13.00 Eurozone Preliminary data on the index of business activity in the manufacturing sector in November n / a; 45,6; 45,4

13.00 Eurozone Preliminary data on the index of business activity in the service sector in November n / a; 46,1; 46,0

during the day Eurozone EU Economic Summit

15.00 Expected UK manufacturing orders (by CBI) November n / a; -19; -23

17.30 Canada Basic index of retail sales in September n / a; 0,5% m / m, 0.4% y / y

17.30 the Canadian retail sales in September n / a; 0,6% m / m, 0.3% y / y

19.00 Eurozone consumer confidence in October n / a; -26; -26

Today, the U.S. output. The celebration of Thanksgiving Day.

 

Sergei Kostenko