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European premarket from Sergei Kostenko

 

Rally in global markets continues

 
European stock markets ended the week on a positive note because of the Fed's decision to begin an immediate stimulus. First of all, good support on this background received shares of mining companies Rio Tinto Plc, Xstrata and Anglo American Plc, which jumped from 6.59% to 9.17%.
Index DJ EURO STOXX BANK up to previous trading closed at 112.04 (+3.17%). Shares of BNP Paribas, Barclays Plc and Deutsche Bank AG increased from 4.39% to 5.21%.
Major European indexes at the close of the previous trading session: FTSE 100 - 5,915.55 (+1.64%); DAX 30 - 7,412.13 (+1.39%); CAC 40 - 3,581.58 (+2.27%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,582.00 (-0.31%). Trading in Europe with open reduction.
 
European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,120.15 (+1.25%).
Before the opening of the European session US yield on 10-year T-Note is 1.86% (+0.019 NCP), the 10-year German Government Bonds is 1.71% (-0.001 NCP), and the 10-year UK Government Bonds is 1.97% (+0.150 NCP), the 10-year Spanish Government Bonds 5.79 (+0.018 NCP), 10-year-old Italy Government Bonds 5.02 (-0.006 NCP).
Oil futures morning before the opening of the European trading session continues to grow up after a strong rally late last week, the Fed's decision to start stimulating the economy.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 116.85 (+0.16%), and U.S. crude oil WTI (ICE) 99.07 (+0.07%).
Gold futures morning at 1,777.40 (+0.27%), quotes copper at 380.05 (-0.83%).
Commodity Index CRB Index for the previous trading day was 320.92 (+1.09%).
 
In the currency market the dollar halted its decline after a strong weakening of the past week. Decisive actions the Fed had a powerful pressure on the U.S. dollar. The capacity of its local reduction has not yet been exhausted.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 78.80 (-0.06%).
 
Prediction of the day:
We expect that after a small correction EURUSD pair will grow to the level of 1.3355, while the Australian dollar to 1.0675.
 
Events today:
Moscow time
12.00 euro area balance of payments in July n / a; 10,9 billion euros to 12.7 billion euros
13.00 Eurozone trade balance in July n / a; 10,2 billion euros, 10.5 billion euros
16.30 Canada Foreign purchases of securities in July n / a; 11,3 billion; -7.89 billion
16.30 U.S. index of business activity in the industry FBI in New York in September n / a; -1,9; -5,9
 
Sergei Kostenko
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