What you need to know before the open – 16/12
Dispiriting numbers from China – the HSBC purchasing managers' index came in at 50.5 overnight, a three-month low – along with ongoing tapering anxiety, mean Europe's set for a lower open this morning.
Of course, this is the last full week of trading before the Christmas break, and of 2013.
ETX Capital #MorningCall FTSE -28, DAX -24, CAC -12, IBEX -35, SP -8, DOW -58
— ETX Capital (@ETXCapital) December 16, 2013
Key events:
- French Markit manufacturing PMI for December at 7.58am. Expected at 49.1 from 48.4.
- German Markit manufacturing PMI for December at 8.28am. Expected at 53.0 from 52.7.
- EU Markit manufacturing PMI for December at 8.58am. Expected at 51.9 from 51.6.
- US nonfarm productivity for the third quarter at 1.30pm. Expected at 2.2 per cent from 1.8 per cent.
- US Markit manufacturing PMI for December at 1.30pm. Expected at 55.0 from 54.7.
- EU ECB's president Draghi's speech at 2.00pm.
- US industrial production for November at 2.00pm. Expected at 0.4 per cent from -0.1 per cent.