FXstreet.com (Barcelona) - As it's being reported that Spain is preparing a bailout plan with its creditors, the European bourses improve the sentiment, despite yesterday's weak PMIs. TD Securities analysts believe Spain might postpone its request as there are no large rollovers to come until the end of October and the regional Spanish elections are knocking at the door.
The German DAX 30 rises by +0.35%, the Italian FTSE MIB gains +0.21% and the Spanish IBEX 35 rallies by +0.85% on Friday. The French CAC 40 is mixed as the market is still digesting the surprisingly weak PMI manufacturing (42.6) and services (46.1) in September, completely against expectations. The British FTSE 100 is down by -0.09% after the public sector net borrowing data, at £14.4bn vs £15.0bn consensus, which raises questions about tax increases and spending cuts.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher opening around +0.30% ahead of the New York session with a light calendar in the US: only American Petroleum Institute Monthly Report and Fed's Lockhart speech. WTI crude oil gains +0.88%, at 93.18, and Gold is up by +0.31%, at 1773.45.
The German DAX 30 rises by +0.35%, the Italian FTSE MIB gains +0.21% and the Spanish IBEX 35 rallies by +0.85% on Friday. The French CAC 40 is mixed as the market is still digesting the surprisingly weak PMI manufacturing (42.6) and services (46.1) in September, completely against expectations. The British FTSE 100 is down by -0.09% after the public sector net borrowing data, at £14.4bn vs £15.0bn consensus, which raises questions about tax increases and spending cuts.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher opening around +0.30% ahead of the New York session with a light calendar in the US: only American Petroleum Institute Monthly Report and Fed's Lockhart speech. WTI crude oil gains +0.88%, at 93.18, and Gold is up by +0.31%, at 1773.45.
