What you need to know before the open – 18/10
Markets in Europe are expected to open up this morning following another record close on the S&P500 last night.
With a 16-day shutdown over and the possibility of a default put off for the time being, taper talks are resuming in the US but it's unlikely that anything will happen before the next debt ceiling debates.
The FTSE is expected to open up 29 points at 6,605, the German DAX is seen up 28 points at 8,840 and the French CAC up 17 points at 4,257.
— FinSec Commodities (@FinSec_com) October 18, 2013
FTSE is expected to open up +37 points – Chinese GDP +7.8% up from 7.5% last quarter; so the mood looks upbeat SO FAR!
— David Buik (@truemagic68) October 18, 2013
Key events:
- US usual weekly earnings are due out, although not confirmed
- US Fed Tarullo speech at 5.30pm
- US Fed Evans speech at 7.00pm
- US Fed Dudley speech at 8.40pm