What you need to know before the open – 23/01
After disappointing PMI numbers from China, Europe is expected to open lower today.
In focus are European January manufacturing and services PMIs, with predictions that France's will continue to show contraction in economic activity, while Germany will continue to improve.
The broader European measure is expected to signal growth in manufacturing and services across the euro area, too.
$FTSE likely to open flat to 11 points lower
— TradingFloor (@tradingfloorcom) January 23, 2014
Key events:
- France Markit manufacturing PMI for January at 7.58am. Expected at 47.5 from 47.0.
- France Markit services PMI for January at 7.58am. Expected at 48.1 from 47.8.
- German Markit manufacturing PMI for January at 8.28am. Expected at 54.6 from 54.3.
- German Markit services PMI for January at 8.28am. Expected at 54.0 from 53.5.
- Eurozone Markit manufacturing PMI for January at 8.58am. Expected at 53.0 from 52.7.
- Eurozone Markit services PMI for January at 8.58am. Expected at 51.4 from 51.0.
- UK Bank of England MPC Paul Fisher speech at 9.00am.
- UK CBI distributive trades survey for January at 11.00am. Expected at 25 from 34.
- US initial jobless claims (17 January) at 1.30pm. Expected unchanged at 326,000.
- US continuing jobless claims (11 January) at 1.30pm. Expected at 2.93m from 3.03m.
- US Markit manufacturing PMI for January at 1.58pm. Expected unchanged at 55.
- US house price index for December at 2.00pm. Expected at 0.4 per cent from 0.5 per cent.
- Eurozone consumer confidence for January at 3.00pm. Expected at 13.0 from 13.6.
- US CB leading indicator for December at 3.00pm. Expected at 0.2 per cent from 0.8 per cent.
- US existing homes sales for December at 3.00pm. Expected at 4.94m from 4.90m.