What you need to know before the open – 01/11
US markets rounded off October markedly higher, despite yesterday's negative finish.
Data from Europe does continue to worsen, thought, with anticipation of a potential European Central Bank rate cut next week pushing the euro down.
Chinese manufacturing PMI, coming in overnight, has eased worries over a softness in recent Chinese economic activity. On the official measure, PMI beat expectations at 51.4; it was 50.9 on the HSBC measure.
ETX Capital #morningcall: FTSE100 up 10 points, the DAX off 8 points and the CAC40 lower by 5 points
— ETX Capital (@ETXCapital) November 1, 2013
Key events:
- UK Markit manufacturing PMI for October at 9.28am. Expected at 56.1 from 56.7.
- US Fed Bullard speech at 1.10pm.
- US Markit manufacturing PMI for October at 1.38pm.
- US ISM manufacturing PMI for October at 2.00pm. Expected at 55.0 from 56.2.