European markets up ahead of tomorrow's EU Summit
FXstreet.com (Barcelona) - The European bourses are getting ahead of the EU Summit that starts tomorrow, antecipating possible juicy headlines about a Spanish bailout, the ECB bond buying, fiscal union, etc. Adding to sentiment was the French President Hollande comment that the worst part of the euro crisis is over. Refraining expectations was a German official that isn't counting on any firm decision regarding the future of the EMU at this week's summit.
Germany sold 2-year bills and the sovereign saw its average yield rising from 0.006% to 0.070%. The annualized construction output (w.d.a.) improved from -6.2% to -5.5% in August, as the monthly growth was of +0.7%. The German DAX 30 gains +0.24%, the French CAC 40 is up by +0.57%, the Italian FTSE MIB rallies by +1.55%, the Greek ATHEX jumps by +1.86% and the Spanish IBEX 35 edges the highest, by +2.31%.
The MPC decision to keep interest rates and the asset purchases programme unchanged was a 9-0 unanimous vote and the ILO unemployment rate surprised by dropping from 8.1% to 7.9%. Also positive was the 4K drop of claimants in September, instead of an unchanged figure as expected. August data was revised up, from -15K to -14.2K. The British FTSE 100 rises by +0.37%.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher open by +0.23%, +0.03% and +0.10%, respectively, ahead of housing data in the US. MBA Mortgage Applications contracted -4.2% in the week ending at Oct-12, following a -1.2% fall in the week before. WTI crude oil rises by +0.16%, at $92.22, and Gold gains +0.25%, at $1750.
Germany sold 2-year bills and the sovereign saw its average yield rising from 0.006% to 0.070%. The annualized construction output (w.d.a.) improved from -6.2% to -5.5% in August, as the monthly growth was of +0.7%. The German DAX 30 gains +0.24%, the French CAC 40 is up by +0.57%, the Italian FTSE MIB rallies by +1.55%, the Greek ATHEX jumps by +1.86% and the Spanish IBEX 35 edges the highest, by +2.31%.
The MPC decision to keep interest rates and the asset purchases programme unchanged was a 9-0 unanimous vote and the ILO unemployment rate surprised by dropping from 8.1% to 7.9%. Also positive was the 4K drop of claimants in September, instead of an unchanged figure as expected. August data was revised up, from -15K to -14.2K. The British FTSE 100 rises by +0.37%.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher open by +0.23%, +0.03% and +0.10%, respectively, ahead of housing data in the US. MBA Mortgage Applications contracted -4.2% in the week ending at Oct-12, following a -1.2% fall in the week before. WTI crude oil rises by +0.16%, at $92.22, and Gold gains +0.25%, at $1750.
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