What you need to know before the open – 25/10
With UK GDP German IFO out later today, European markets are set to open mixed.
US markets closed higher yesterday, boosted in after-hours trading by positive reactions to Amazon and Microsoft results.
Daily % change of FX majors vs. USD: JPY +0.28, CHF +0.20, GBP +0.17, EUR 0.12, AUD -0.14, NZD -0.44
— DailyFXTeamMember (@DailyFXTeam) October 25, 2013
#FTSE opening call is FLAT. #Bund is due to open small higher but posted a Gravestone Doji yesterday in candlestick terms.
— FuturesTechs Updates (@FuturesTechs) October 25, 2013
Key events:
- The European council meeting continues.
- Eurozone M3 money supply for September at 9.00am. Expected up 2.4 per cent from 2.3 per cent.
- German IFO survey of business conditions for October at 9.00am. Current assessment expected at 111.6, up from 111.4.
- UK GDP for the third quarter at 9.30am. Expected up 0.8 per cent from 0.7 per cent.
- US durable goods orders for September at 1.30pm. Expected up 2.0 per cent from 0.1 per cent.
- US Reuters/Michigan consumer sentiment index for October. Expected at 75.0, up from 77.5.