What you need to know before the open – 11/10
European markets are expected to build on yesterday's sizeable gains today, with asian markets seeing a three-week high, following US markets' second best day for the year.
The optimism comes as debt talks get underway, with anticipation of a near agreement being made to extend the deadline for raising the US debt ceiling. Moreover, politicians appear a little more sanguine and talks are being had to try and resolve the shutdown stalemate.
$FTSE 100 is expected to open 41 to 43 points in the green.http://t.co/Zx112a4X4N
— TradingFloor (@tradingfloorcom) October 11, 2013
#FTSE is called to open up 25. #USD steady following yesterday's rally. Hopes of a breakthrough in Washington, but nothing concrete.
— David Morrison (@jmoz62) October 11, 2013
Key events:
- Italian consumer price index for September at 9.00am. Expected down 0.2 per cent from +0.3 per cent.
- UK CB leading economic index for September at 10.00am
- US Reuters/Michigan consumer sentiment index for October at 2.55pm. Expected at 76.0, down from 77.5.
- US FOMC's Powell speech at 4.00pm