Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

European Stocks Seen Opening Higher, Dollar Weak

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/26/2013 | 08:56am CET

Europe's financial markets are opening with the dollar weaker but shares expected to start strongly after a recovery in New York stocks prompted by an article in The Wall Street Journal reporting that the Federal Open Market Committee, at its meeting next week, is likely to discuss whether to refine or revise its "forward guidance," the words used to describe its intentions for the next few years.

"The Federal Reserve is on track to keep its $85 billion-a-month bond-buying program in place at its policy meeting next week, but officials will debate changes to the way the central bank describes its plans for the program and for short-term interest rates," wrote Jon Hilsenrath in the Journal.

However, Europe's markets are likely to tread cautiously ahead of an exceptionally busy week for central bank policy meetings and economic data.

"The U.S. employment report, U.S. GDP and monetary policy decisions by the Fed, European Central Bank, Bank of England and Reserve Bank of India will be on top of the agenda," wrote researchers at ABN Amro in a note to clients.

"In the case of stronger-than-expected U.S. data, the Fed will likely further communicate to financial markets that interest rates will not be raised in the foreseeable future in an attempt to avoid U.S. bond yields moving much higher," they added.

Ahead of the stock markets' opening, Capital Spreads is calling the FTSE 100 up 26 at 6614, the DAX up 54 at 8353 and the CAC-40 up 28 at 3984. In the currency markets, the dollar is mostly weaker than in late New York business Thursday. German Bund futures have opened higher but crude oil futures are lower and the gold price is steady.

"Despite the positive start [for stocks] though, gains may be capped and traders may tread cautiously going into the weekend as they look ahead to next week, which sees a raft of key central bank meetings, speeches and releases and a host of sentiment-deciding economic data," wrote Jonathan Sudaria, a dealer at Capital Spreads, in a client note.

This session, economic data releases include French consumer confidence and the final reading of the University of Michigan's measure of consumer confidence in the U.S.

Write to Martin Essex at martin.essex@dowjones.com or on Twitter @MartinEssexDJN

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
03:05aDJRaising Short-Term Rates Three Times in 2017 'Reasonable Baseline,' Fed's Kaplan Says
03:04a HITACHI : March 24, 2017Hitachi Launches Moving State Management Service that Uses Beacons to Visualize the Behavior of Workers at Construction Sites
03:03a DAIMLER : China's Chery files trademark complaint against Mercedes over green car brand
03:03a DAIMLER : China's Chery files trademark complaint against Mercedes over green car brand
03:02a LIMONEIRA : Trump's export policies could destabilize local agriculture
03:01a Guggenheim Macro Opportunities Fund Earns Third Consecutive U.S. Lipper Fund Award for Consistent Risk-Adjusted Performance
03:00a Singapore's apex body for communication sector elects new EXCO
02:59a PFIZER : FDA Grants Approval for BAVENCIO® (avelumab)
02:54a ORNAPAPER BHD : Others proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature and proposed renewal of authority for the company to purchase its own shares
02:54a ORNAPAPER BHD : Others ornapaper berhad ("orna" or "the company") - acquisition of new company by a wholly owned subsidiary company
Latest news
Advertisement
Hot News 
-4.56%BASIC FIT : core earnings rise on record number of new gym openings
8.08%Investors find some relief in Next's chilly outlook
-4.96%IG : quarterly revenue falls 3.8 percent on UK, Ireland weakness
3.44%Brexit delaying major UK infrastructure projects, Kier says
5.37%GVC : to pay second special dividend for 2016 on favourable trading, refinancing
Most Read News
09:33p Twitter explores subscription-based option for first time
10:03p DAIMLER : China's Chery files trademark complaint against Mercedes over green car brand
07:19p AMAZON COM : wins $1.5 billion tax dispute over IRS
07:38p JBS : EU asks Brazil to suspend meat shipments amid scandal - sources
09:11p CATERPILLAR : officials discuss federal probe, but with little detail
Most recommended articles
03/21 UK to investigate any UK banking involvement in 'Laundromat' case
10:03p DAIMLER : China's Chery files trademark complaint against Mercedes over green car brand
09:33p Twitter explores subscription-based option for first time
09:26p SAMSUNG ELECTRONICS : says will further improve transparency to shareholders
09:11p Toshiba's main banks ask for Westinghouse bankruptcy filing this month - Nikkei