What you need to know before the open – 26/11
European markets are set to open mixed this morning after Brent prices recovered over the course of yesterday's trading. Prices initially saw a two per cent fall following the announcement of the Iran nuclear deal.
Sepulchral start to European opening expected with derisory volumes continuing – FTSE -2, DAX +13, CAC -4
— David Buik (@truemagic68) November 26, 2013
Asia adopts neutral stance ahead of Thanksgiving & Friday's payroll data. ASX +0.37%, Shanghai +0.02%, Hang Seng +0.16%, Nikkei -0.72%
— David Buik (@truemagic68) November 26, 2013
Key events:
- UK inflation report hearings at 10.00am.
- US housing starts for September at 1.30pm. Expected at 910,000 from 891,000.
- US housing starts for October at 1.30pm. Expected at 920,000.
- US building permits for September at 1.30pm. Expected at 940,000 from 918,000.
- US building permits for October at 1.30pm. Expected at 940,000.
- S&P/Case-Shiller home price indices for September (year-on-year) at 2.00pm. Expected at 13.0 per cent from 12.8 per cent.
- US consumer confidence for November at 3.00pm. Expected at 72.6 from 71.2.