Forex Marketz Daily Forex News – Fully Markets Update
The financial and stock markets are getting ready to open in Europe in the next hour or so. The yare following an upbeat day in Asia where the Nikkei gained over two percent thanks to the US Dollar hitting a new 14 year high, driving the yen lower. This will be the third opening day in a row of gains for Europe.
As of right now, futures are showing that the FTSE 100, in London, will open 15 points higher. Futures on the French CAC 40 are seven points higher and in Germany stocks are set to open nearly thirty points higher.
So far, in 2017, we have seen upbeat economic data showing global manufacturing PMIs recovering. This is boosting global equity markets.
Bank of England to boost Sentiment in Europe
As far as economic data is concerned today, investors will see the latest flash Eurozone inflation numbers. The Bank of England is also publishing its latest mortgage numbers. This also include lending from commercial banks to home buyers. These numbers could have a positive impact if they come in strong as expected.
Looking at the corporate world, US auto maker Ford has cancelled plans to build a manufacturing plant in Mexico. In other news, the European Commission has extended its deadline for making a decision over ChemChina’s proposal to buy the Swiss pesticide maker Syngenta.
The Italian bank and corporate lender, Intensa Sanpaolo, is going to loan €5.4 billion to Glencore. This includes Qatar’s sovereign wealth fund who wants to purchase the Russian oil company Rosnef.
