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Europe midday: Athens facing a Sunday deadline
26-10-2012 11:49
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-Spanish unemployment at post-Franco era record
-Athens facing Sunday deadline
FTSE-100: -0.48%
Dax-30: 0.01%
Cac-40: 0.08%
FTSE Mibtel 30: -0.56%
Ibex 35: -0.85%
Stoxx 600: -0.28%
The main European equity benchmarks are now registering mixed readings. That ahead of today's GDP data expected out Stateside and against a backdrop of worries over the slowdown being seen in corporate earnings.
No less important, if not more even, investors are closely watching how events unfold in Athens, as the government there must meet a Sunday deadline for the approval of a package of economic reforms so as to be able to opt for the next tranche of financial aid from its international lenders.
The weak reading on Spanish unemployment this morning may also fan the worries currently surrounding the Eurozone periphery in general.
From a sector stand-point the best performance on the DJ Stoxx 600 is now to be seen in the following industrial groups: Retail (0.81%), Basic resources (0.75%) and Media (0.66%).
Spanish unemployment at post-Franco era record
Spanish unemployment rose to 25.02% in the third quarter, from 24.63% in the second (Consensus: 25%).
French consumer confidence dropped to 84 points in October (Consensus: 84), after the 85 point level in the month before.
Germany's GfK consumer confidence index for the month of November has come in at 6.3 (Consensus: 5.9) following 6.1 in the month before.
Euro and oil diverging slightly
The euro/dollar is now down by 0.22% to the 1.2920 dollar mark.
Front month Brent crude futures are now up by 0.303 dollars to the 108.85 dollar level on the ICE.
AB
-Athens facing Sunday deadline
FTSE-100: -0.48%
Dax-30: 0.01%
Cac-40: 0.08%
FTSE Mibtel 30: -0.56%
Ibex 35: -0.85%
Stoxx 600: -0.28%
The main European equity benchmarks are now registering mixed readings. That ahead of today's GDP data expected out Stateside and against a backdrop of worries over the slowdown being seen in corporate earnings.
No less important, if not more even, investors are closely watching how events unfold in Athens, as the government there must meet a Sunday deadline for the approval of a package of economic reforms so as to be able to opt for the next tranche of financial aid from its international lenders.
The weak reading on Spanish unemployment this morning may also fan the worries currently surrounding the Eurozone periphery in general.
From a sector stand-point the best performance on the DJ Stoxx 600 is now to be seen in the following industrial groups: Retail (0.81%), Basic resources (0.75%) and Media (0.66%).
Spanish unemployment at post-Franco era record
Spanish unemployment rose to 25.02% in the third quarter, from 24.63% in the second (Consensus: 25%).
French consumer confidence dropped to 84 points in October (Consensus: 84), after the 85 point level in the month before.
Germany's GfK consumer confidence index for the month of November has come in at 6.3 (Consensus: 5.9) following 6.1 in the month before.
Euro and oil diverging slightly
The euro/dollar is now down by 0.22% to the 1.2920 dollar mark.
Front month Brent crude futures are now up by 0.303 dollars to the 108.85 dollar level on the ICE.
AB
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