What you need to know before the open – 08/01
European markets are set to open flat this morning, as US employment data and Fed Open Market Committee meeting minutes are due out later today.
European opening may be reflective after rudderless rally yesterday – FTSE -2, DAX -14, CAC -4
— David Buik (@truemagic68) January 8, 2014
Strong US data yesterday gave Asian investors confidence, with the Nikkei closing up.
A Sian bourses rally a smidgen – ASX -0.03%, Shanghai -0.09%, Hang Seng +1.04%, NIKKEI +1.49% (great retail data) at 5.05am h
— David Buik (@truemagic68) January 8, 2014
Key events:
- Italy unemployment for November at 9.00am. Expected unchanged at 12.5 per cent.
- Eurozone retail sales for November at 10.00am. Expected at 0.2 per cent from -0.2 per cent.
- Eurozone unemployment rate for November at 10.00am. Expected unchanged at 12.1 per cent.
- Germany factory orders for November at 11.00am. Expected at 1.2 per cent from -2.2 per cent.
- China national bureau of statistics press conference at 12.00pm.
- US mortgage applications (3 January) at 12.00pm.
- US ADP employment change for December at 1.15pm.
- US FOMC minutes at 7.00pm.