FXstreet.com (Barcelona) - The German DAX 30 (-0.30%), the French CAC 40 (-0.30%), the Italian FTSE MIB (-0.40%) and the Spanish IBEX 35 (-0.70%) are down on Wednesday along with most of the European indexes. Now that the Eurogroup reached a deal about Greece, markets are becoming more focused on the US “fiscal cliff” ahead of the year end.
M3 Money supply in the Eurozone grew from 2.7% to 3.9% in October (YoY), beating the consensus estimate of 2.8%. The 3 month basis rose from 3.0% to 3.1%. The annualized change in private loans narrowed its contraction from -0.8% to -0.7%, instead of extending to -0.9% as expected. Earlier, the annualized Spanish retail sales improved from -11.0% to -9.7% in October, while consensus was pointing to further contraction to -11.5%.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a lower opening between -0.20% and -0.10% ahead of the New York session and the releases of US new home sales in October and Fed's Beige Book.
M3 Money supply in the Eurozone grew from 2.7% to 3.9% in October (YoY), beating the consensus estimate of 2.8%. The 3 month basis rose from 3.0% to 3.1%. The annualized change in private loans narrowed its contraction from -0.8% to -0.7%, instead of extending to -0.9% as expected. Earlier, the annualized Spanish retail sales improved from -11.0% to -9.7% in October, while consensus was pointing to further contraction to -11.5%.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a lower opening between -0.20% and -0.10% ahead of the New York session and the releases of US new home sales in October and Fed's Beige Book.
