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17 Apr 2013
European markets fall for the fourth day in a row
FXstreet.com (Barcelona) - The German DAX 30 (-1.38%), the French CAC 40 (-1.07%), the Italian FTSE MIB (-0.76%) and the Spanish IBEX 35 (-1.00%) are edging lower once again this week, the fourth day in a row. Most European equity indexes are joining the mood. Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a lower opening between -0.45% and -0.65% ahead of speeches in the US, by Fed’s Bullard and Rosengren, as well as Treasury Secretary Lew later.
The British FTSE 100 is down by -0.49% despite improving UK claimant count change, by -7K in March instead of the expected 0K. The rate came in at 4.6% and the February figure was revised lower from 4.7% to 4.6%. However, the ILO unemployment rate rose from 7.8% to 7.9%. The BoE meeting minutes came in largely as expected: 9-0 in favor of unchanged rates and 6-3 for unchanged QE (Fisher, Miles, and Governor King voted for a £25bn extension).
EMU construction output contracted by -0.8% on the month of February, following a wider fall in February of -2.1% (revised from -1.4%). The annualized figure came in at 0.8%, much better than the prior month data at -9.0% (revised from -7.3%). In Switzerland, Expectations by the ZEW survey surprised with a strong rise from 2.3 to 20 in April, beating the consensus of 5.
The British FTSE 100 is down by -0.49% despite improving UK claimant count change, by -7K in March instead of the expected 0K. The rate came in at 4.6% and the February figure was revised lower from 4.7% to 4.6%. However, the ILO unemployment rate rose from 7.8% to 7.9%. The BoE meeting minutes came in largely as expected: 9-0 in favor of unchanged rates and 6-3 for unchanged QE (Fisher, Miles, and Governor King voted for a £25bn extension).
EMU construction output contracted by -0.8% on the month of February, following a wider fall in February of -2.1% (revised from -1.4%). The annualized figure came in at 0.8%, much better than the prior month data at -9.0% (revised from -7.3%). In Switzerland, Expectations by the ZEW survey surprised with a strong rise from 2.3 to 20 in April, beating the consensus of 5.