FXstreet.com (Barcelona) - While All-Saints Day keep the financial markets from regular volumes, the European bourses are edging higher as investors go for lunch after seeing the October Markit manufacturing PMI releases in Greece, softening to 41.0, and in Switzerland, improving to 46.1. The UK data eased more than expected, to 47.5. TD Securities analysts believe the UK PMI release supports the view of a £25B QE extension by the BoE.
Futures for the German DAX 30 and the French CAC 40 are edging higher by +0.47% and +0.60%, while the Italian FTSE MIB and the Spanish IBEX 35 rise by +0.45% and +0.37%. The British FTSE 100 is up by +0.52%.
Meanwhile, the Eurogroup is stuck at the Greek sticky wicket, a need for a sustainable path without compromising much of the creditors' demands. The market expects a deal by November 12th Eurogroup meeting to see Greece receive the next aid tranche.
The US session will release the ISM manufacturing, consumer confidence and jobless claims ahead of the Presidential elections ahead in the weekend. Commerzbank analysts believe that a disappointing ADP employment figure at 12:15 GMT could strengthened the EUR/USD. Futures for the S&P 500 and Dow Jones 30 are signaling a flat opening, while the Nasdaq 100 rises by +0.22%. WTI crude oil is up by +0.12%, at $86.33, and Gold gains +0.33%, at $1725.
Futures for the German DAX 30 and the French CAC 40 are edging higher by +0.47% and +0.60%, while the Italian FTSE MIB and the Spanish IBEX 35 rise by +0.45% and +0.37%. The British FTSE 100 is up by +0.52%.
Meanwhile, the Eurogroup is stuck at the Greek sticky wicket, a need for a sustainable path without compromising much of the creditors' demands. The market expects a deal by November 12th Eurogroup meeting to see Greece receive the next aid tranche.
The US session will release the ISM manufacturing, consumer confidence and jobless claims ahead of the Presidential elections ahead in the weekend. Commerzbank analysts believe that a disappointing ADP employment figure at 12:15 GMT could strengthened the EUR/USD. Futures for the S&P 500 and Dow Jones 30 are signaling a flat opening, while the Nasdaq 100 rises by +0.22%. WTI crude oil is up by +0.12%, at $86.33, and Gold gains +0.33%, at $1725.
