What you need to know before the open – 29/10
Despite all-time highs for US markets yesterday, it was a mixed finish as the Fed meeting – due to begin today and finish tomorrow – is considered. Asian markets closed lower, too, as investors waited for the policy meeting.
European markets are expected to look just as subdued this morning.
ETX Capital #morningcall FTSE -4, DAX -9, CAC -1, IBEX -15, DOW +8, S&P +1.
— ETX Capital (@ETXCapital) October 29, 2013
European Equities: Euro stoxx -0.133%, FTSE +0.015%, CAC -0.047%, DAX-0.139%
— DailyFXTeamMember (@DailyFXTeam) October 29, 2013
Key events:
- UK consumer credit for September at 9.30am.
- UK mortgage approvals for September at 9.30am.
- UK net lending to individuals month-on-month at 9.30am.
- US producer price index for September at 12.30pm. Expected at 0.2 per cent from 0.3 per cent.
- US retail sales for September at 12.30pm. Expected at 0.4 per cent from 0.1 per cent.
- US S&P/Case-Shiller home price indices year-on-year for August at 1.00pm. Expected unchanged at 12.4 per cent.
- US consumer confidence for October at 2.00pm. Expected at 76.5, down from 79.7.