What you need to know before the open – 03/02
February’s brought what January left – a lower open for European bourses.
Tapering, concerns over a Chinese slowdown and uncertainty over other emerging markets are keeping investors cautious.
In focus today are manufacturing PMI data.
ETX Capital #morningcall: FTSE100 down 17 points, the CAC40 lower by 10 points and the DAX down 16 points
— ETX Capital (@ETXCapital) February 3, 2014
Key events:
- Spain Markit manufacturing PMI for January at 8.13am.
- Italy Markit manufacturing PMI for January at 8.43am. Expected at 53.6 from 53.9.
- France Markit manufacturing PMI for January at 8.53am. Expected at 48.8 from 47.0.
- EU Markit manufacturing PMI for January at 8.58am. Expected at 53.9 from 47.0.
- Greece Markit manufacturing PMI for January at 8.58am.
- UK Markit manufacturing PMI for January at 9.28am. Expected at 57.0 from 57.3.
- US Markit manufacturing PMI for January at 1.53pm.
- US construction spending for December at 3.00pm Expected at 0.5 per cent from 1.0 per cent.
- US ISM manufacturing PMI for January at 3.00pm. Expected at 56 from 57.