Markets recovered on the eve of the European summit...
European stock markets were closed on Monday on a positive note amid reports that Spain formally ask financial aid at the EU summit, which begins on October 18, and in the hopes that the corporate reporting season did not disappoint and will be generally good. Among the leading companies in the shares of the banks, but under pressure from bottom-oil prices were paper mining companies - Rio Tinto and Anglo American, which fell respectively 1.60% and 1.97%.
Index DJ EURO STOXX BANK up to previous trading closed at 105.23 (+1.02%). Shares of ING Group NV, Societe General and Barclays rose from 1.54% to 2.00%.
Major European indexes at the close of the previous trading session: FTSE 100 - 5,805.61 (+0.21%); DAX 30 - 7,261.25 (+0.40%); CAC 40 - 3,420.28 (+0.92%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,498.00 (+0.73%). Trading in Europe will open growth of the major stock indexes.
European index of "blue chips" FTSEurofirst 300, closed on Thursday at 1,098.36 (+0.46%).
Before the opening of the European session US yield on 10-year T-Note is 1.67% (+0.010 NCP), the 10-year German Government Bonds is 1.49% (+0.022 NCP), and the 10-year UK Government Bonds is 1.76% (+0.038 NCP).
Oil futures morning before the opening of the European trading session, grow, continuing to consolidate ahead of the European summit of EU and the U.S. presidential election. An additional good stimulus to growth were yesterday's retail sales data in the U.S., which grew by 1.1% in September compared to August value.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 116.17 (+0.32%), and U.S. crude oil WTI (ICE) 92.13 (+0.30%).
Gold futures morning at 1,740.60 (+0.17%), quotes of copper at
371.75 (+0.43%).
Commodity Index CRB Index for the previous trading day was 304.55 (-0.65%).
In the currency market continues to consolidate pending the outcome of the European summit, as well as the U.S. elections. Yesterday's news that the Spanish authorities have asked for financial assistance to the EU summit inspired the investors and contributed to the weakening of the U.S. dollar against the major currencies except the yen.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.65 (-0.18%).
Prediction of the day:
EUR/USD pair continues to form a triangle shape and it is likely today to reach the upper limit of the figure - the level of 1.3015.
Events today:
Moscow time
12.30 UK Consumer Price Index in September n / a; 2,2% y / y, 2.5% y / y
12.30 UK Producer Price Index in September n / a; 0,0% m / m and 2.0% m / m
12.30 UK Retail Price Index in September n / a; 2,6% y / y, 2.9% y / y
12.30 UK Core CPI September n / a; 2,1% y / y, 2.1% y / y
12.30 UK house price index for August n / a; 1,9% y / y and 2.0% y / y
12.30 UK Producer Price Index in September n / a; 0,3% m / m and 0.5% m / m
13.00 Germany ZEW index of economic sentiment in October n / a; -14,6; -18,2
13.00 Eurozone consumer prices in September n / a; 2,7% y / y, 2.7% y / y
13.00 Eurozone core consumer price index in September n / a; 1,6% y / y and 1.5% y / y
13.00 Eurozone ZEW index of economic sentiment in October n / a; -1,1 -3,8
13.00 Eurozone trade balance to a seasonally adjusted August n / a; 8,4 billion euros, 7.9 billion euros
16.30 Canada Foreign purchases of securities in August n / a; 8,72 billion dollars, 6.67 billion
Canada 16.30 Change in volume production deliveries in August n / a; 0,5% m / m, -1.5% m / m
16.30 U.S. core consumer price index in September n / a; 0,2% m / m and 0.1% m / m
16.30 U.S. Consumer Price Index in September n / a; 0,4% m / m and 0.6% m / m
17.00 U.S. net purchases of long-term securities in August n / a; 45,3 billion dollars, 67.08 billion
17.15 U.S. Capacity Utilization September n / a; 78,4%; 78,2%
17.15 U.S. The Industrial Production September n / a; 0,3% m / m, -1.2% m / m
18.00 U.S. Housing Market Index from October NAHB n / a; 41, 40
Sergei Kostenko
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