What you need to know before the open – 30/10
US equity markets saw another record close yesterday, and the German DAX continues to break records, too. European stocks were marginally behind.
Asian markets closed up today.
Yesterday, the ECB's Ewald Nowotny ruled out the prospect of further rate easing in Europe in the near future.
ETX Capital #morningcall FTSE +19, DAX +20, CAC +6, IBEX+10, DOW +15, S&P +1.5.
— ETX Capital (@ETXCapital) October 30, 2013
FED may keep stimulus package until March 2014 – Equities buoyant – ASX +0.21%, Shanghai +0.89%, Hang Seng +0.83%, NIKKEI +0.90% @ 5.05am
— David Buik (@truemagic68) October 30, 2013
Key events:
- Spanish GDP for the third quarter at 8.00am. Expected at 0.1 per cent from -0.1 per cent.
- German unemployment rate for October at 8.55am. Expected unchanged at 6.9 per cent.
- Eurozone consumer confidence for October at 10.00am. Expected at -14.5 from -14.9.
- US MBA mortgage applications (25 October) at 11.00am.
- US consumer price index for September at 12.30pm. Expected at 0.2 per cent from 0.1 per cent.
- German consumer price index for October at 1.00pm. Expected unchanged at 0.0 per cent.
- UD Fed interest rate decision (30 October) at 6.00pm. Expected unchanged at 0.25 per cent.