Economy

xchrom

(108,903 posts)

6. European Markets Are Sinking

Wed Nov 12, 2014, 08:29 AM

Nov 2014

http://www.businessinsider.com/market-update-nov-12-2014-2014-11

Here's the scorecard:

France's CAC 40 is down 0.42%

Germany's DAX is down 0.72%

The UK's FTSE 100 is down 0.19%

Italy's FTSE MIB is down 0.79%

Spain's IBEX is down 0.56%

Asian markets are solidly up. Japan's Nikkei closed up 0.43%, touching its highest level in seven years, and Hong Kong's Hang Seng closed up 0.55%.

US futures are down a hair: the Dow is 14 points lower, and the S&P 500 is 2.245 points down.

There's big data out of Europe on Wednesday, with UK unemployment at 9:30 a.m. GMT and eurozone industrial production at 10 a.m. ET. Analysts expect UK unemployment to dip to 5.9% and that industrial production in Europe rose 0.7% between August and September.

At 10:30 a.m. GMT, the Bank of England's inflation report is out: the quarterly update gives the central bank's view of the economic outlook and the hints of when hikes in interest rates may finally begin.

Read more: http://www.businessinsider.com/market-update-nov-12-2014-2014-11#ixzz3IrBIKTbh

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