What you need to know before the open – 21/10
With US data restarting this week, it's back to business as usual. A record week for US markets last week, we also saw European counterparts looking positive.
*Nikkei Ends Up 0.9% at 14,693.57 underpinned by a strong performance on Wall Street and expectations Fed will delay trimming its stimulus.
— Holger Zschaepitz (@Schuldensuehner) October 21, 2013
ETX Captial #morningcall: FTSE100 up 27 points, the DAX off by 2 points and the CAC40 up just one point.
— ETX Capital (@ETXCapital) October 21, 2013
This morning, Germany's producer price index for September beat expectations, increasing 0.3 per cent, after expectations of a 0.1 per cent rise and August's decrease of 0.1 per cent. Year-on-year, the index fell 0.5 per cent, following expectations of a 0.7 per cent drop.
Key events:
Italy industrial sales and orders for September at 9.00am.
German Bundesbank monthly report this morning.
US Fed Evans' speech at 1.00pm.
US existing home sales for September at 3.00pm. Expected at 5.37m, down from 5.48m.