What you need to know before the open – 02/12
It's a big week for the UK, with manufacturing, construction and services PMIs for November and, of course, the chancellor's Autumn Statement on Thursday.
US markets continue to go from strength to strength, with the S&P 500 hit another record high on Friday.
Busyness on the macroeconomic front will be seen more widely, too, with a number of central bank meetings and the latest US employment reports and November nonfarm payrolls on Friday. And as well as European data, we've got the European Central Bank rate meeting on Thursday.
Over in Asia, Chinese shares didn't fare so well on the news that the Beijing securities regulator lifted its ban on IPOs on mainland Chinese stock exchanges, burgeoning fears that investors will sell out of Shanghai or Shenzhen-listed companies.
ETX Capital #morningcall: FTSE100 down 15 points, the DAX off 8 points and the CAC40 lower by 3 points.
— ETX Capital (@ETXCapital) December 2, 2013
Key events:
- German Markit manufacturing PMI for November at 8.53am. Expected at 52.5 from 51.7.
- Eurozone Markit manufacturing PMI for November at 8.58am. Expected at 51.5 from 51.3.
- UK Markit manufacturing PMI for November at 9.28am. Expected at 56.3 from 56.0.
- Fed's Bernanke speech at 1.30pm.
- US Markit manufacturing PMI for November at 1.58pm.
- US construction spending for September and October at 3.00pm. Expected at 0.4 per cent for September (from 0.6 per cent) and 0.6 per cent for October.
- US ISM manufacturing PMI for November at 3.00pm. Expected at 55.5 from 56.4.