What you need to know before the open – 22/01
European equities are expected stronger today, as US stock futures increase and improving Asian shares see investors relaxing a bit.
Davos continues today, with world leaders debating the crucial economic questions of the day.
With something of a dearth of economic data this week, investors continue to watch the various earnings reports out.
SUGGESTED OPENING CALLS – BHP -1%, LAND SECURITIES -2%, SAGE +0.5%, JD WETHERSPOON +1.5%, WH SMITH -1%
— David Buik (@truemagic68) January 22, 2014
And employment numbers this morning could see the UK within tickling distance of the Bank of England’s seven per cent threshold.
ETX Capital #morningcall: FTSE100 up 15 points, the DAX higher by 28 points and the CAC40 up by 14 points
— ETX Capital (@ETXCapital) January 22, 2014
Key events:
- UK Bank of England minutes at 9.30am.
- UK BoE MPC vote at 9.30am.
- UK claimant count rate and change for December at 9.30am. Change expected at -35,000 from 36,700.
- UK average earnings for three months to November at 9.30am. Including bonuses, expected at 1.0 per cent from 0.9 per cent.
- UK ILO unemployment rate for the three months to November at 9.30am. Expected at 7.3 per cent from 7.4 per cent.
- UK public sector net boring for December at 9.30am. Expected at £12.3bn from £14.8bn.
- Switzerland ZEW survey – expectations for January at 10.00am. Expected at 44.0 from 39.4.
- US MBA mortgage applications (17 January) at 12.00pm.
- Canada Bank of Canada interest rate decision and press conference at 3.00pm onwards.