What you need to know before the open – 08/10
With US markets dipping last night, we can expect to see European markets open similarly lower, with the US impasse hampering any kind of notable data.
Both China and Japan have expressed concern over the US stalemate and investment values, raising questions on how damaging it'll be to the country's reputation and to the global economy.
US government shutdown remains the main driver for the European markets.
— Simons (@AldenSimons) October 8, 2013
GLOBAL MARKETS-Asian shares rise, still cautious on U.S. shutdown
— YounesHD (@YounesHD1) October 8, 2013
Morning All this shutdown is going to last all week and into next week Priest #morningcall FTSE-8, DAX -2, CAC-9, IBEX-19, DOW-+5 , S&P+0.5
— Joe Rundle (@joe_rundle) October 8, 2013
Morning ftse -10, dow -13, dax -8, H/S +301, Nikkei +55, SP 1674.5, Gold 1325, Brent 109.58, Nymex 103.05, Cable 1.6075mfr
— Wayno (@waynog) October 8, 2013
Key events:
- Italian public deficit/GDP for second quarter at 9.30. Was at 7.3 per cent in first quarter 2013.
- German factory orders for August. Expected at 1.3 per cent, up from -2.7 per cent.
- US Redbook index for September at 1.55