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25 Feb 2013
European markets rally ahead of Italian elections' results
The German DAX 30 (+0.40%), the French CAC 40 (+1.58%), the Italian FTSE MIB (+2.33%) and the Spanish IBEX 35 (+1.83%) are moving higher on Monday ahead of Italian elections' results. Investors are also preparing for a likely dovish speech in tomorrow's Fed Bernanke's semi-annual testimony.
The British FTSE 100 gains +0.60%. UK BBA Mortgage Approvals eased from 33.6K to 32.3K in January, instead of rising to 34.2K as expected.
The preliminary release of the Italian January Trade Balance non-EU showed data going from €3.317B surplus to €-2.281B deficit. The Spanish Producer Price Index (YoY) eased from 3.3% (revised from 2.7%) to 2.6% in January.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher opening between +0.45% and +0.60%, ahead of the US session calendar: US Chicago Fed and Dallas Fed indexes, as well as German Buba Weidmann's speech, at 15:30 GMT.
The British FTSE 100 gains +0.60%. UK BBA Mortgage Approvals eased from 33.6K to 32.3K in January, instead of rising to 34.2K as expected.
The preliminary release of the Italian January Trade Balance non-EU showed data going from €3.317B surplus to €-2.281B deficit. The Spanish Producer Price Index (YoY) eased from 3.3% (revised from 2.7%) to 2.6% in January.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher opening between +0.45% and +0.60%, ahead of the US session calendar: US Chicago Fed and Dallas Fed indexes, as well as German Buba Weidmann's speech, at 15:30 GMT.