European markets up after German Parliament vote on Greece, US futures up ahead Chicago PMI
FXstreet.com (Barcelona) - The German DAX (+0.43%), the French CAC 40 (+0.37%), the Italian FTSE MIB (+0.19%) and the British FTSE 100 (+0.20%) are edging higher on the last day of the week and month, while the Spanish IBEX 35 (-0.31%) and the Greek ATHEX (-1.12%) fall.
The German Parliament approved the revised Greek deal this morning and an EU official said he expects the Greek buyback process to begin next Monday. The rating agency Fitch revealed that US funds increased their exposure to Eurozone banks for the fourth month in a row.
The preliminary release of November CPI inflation report in the Eurozone came in much lower than expected, falling from 2.5% to 2.2%. Some analysts were estimating a softer figure after seeing the German data easing as well. The October EMU unemployment rate rose from 11.6% to 11.7% as expected.
The preliminary release of the Italian CPI (EU Normalized) fell -0.3% in November, allowing the annualized figure to soften from 2.8% to 2.6%, as expected. The October unemployment rate in Italy was published, rising from 10.8% to 11.1%, coming higher than the expected 10.9%. Retail Sales in Greece contracted further in September, from -9.2% to -12.1%.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a higher opening between +0.17% and +0.30% ahead of the NY opening ahead of US personal spending and US Chicago PMI. "Markets are looking for the Chicago PMI to edge back above 50 in Nov for the first time in three months", wrote TD Securities analysts.
Republican HoR Speaker Boehner had shown himself very optimistic on a quick resolution of the "fiscal cliff" conflict, but he changed his tone to disappointment of "no substantive progress" in the last two weeks. Markets keep their hopes up ahead of the weekend and December.
The German Parliament approved the revised Greek deal this morning and an EU official said he expects the Greek buyback process to begin next Monday. The rating agency Fitch revealed that US funds increased their exposure to Eurozone banks for the fourth month in a row.
The preliminary release of November CPI inflation report in the Eurozone came in much lower than expected, falling from 2.5% to 2.2%. Some analysts were estimating a softer figure after seeing the German data easing as well. The October EMU unemployment rate rose from 11.6% to 11.7% as expected.
The preliminary release of the Italian CPI (EU Normalized) fell -0.3% in November, allowing the annualized figure to soften from 2.8% to 2.6%, as expected. The October unemployment rate in Italy was published, rising from 10.8% to 11.1%, coming higher than the expected 10.9%. Retail Sales in Greece contracted further in September, from -9.2% to -12.1%.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a higher opening between +0.17% and +0.30% ahead of the NY opening ahead of US personal spending and US Chicago PMI. "Markets are looking for the Chicago PMI to edge back above 50 in Nov for the first time in three months", wrote TD Securities analysts.
Republican HoR Speaker Boehner had shown himself very optimistic on a quick resolution of the "fiscal cliff" conflict, but he changed his tone to disappointment of "no substantive progress" in the last two weeks. Markets keep their hopes up ahead of the weekend and December.
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