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Europe open: Mixed start for equities

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Europe open: Mixed start for equities

Wed, 30 January 2013
Europe open: Mixed start for equities

- Italian and debt auctions slated for today
- Banks deposited 208.1bn euros overnight at ECB
- Spain´s Rajoy could soon unveil stimulus measures

FTSE-100: 0.02%
Dax-30: 0.10%
Cac-40: 0.10%
FTSE Mibtel 30: -0.08%
Ibex 35: 0.31%
Stoxx 600: -0.11%

European equities are continuing to tread water this morning – albeit next to multi-year highs – ahead of the release of important macroeconomic indicators, Stateside, this afternoon.

Also of import, both Germany and Italy are expected to tap sovereign debt markets today. Italy will be selling up to €6.5bn in medium and long-term debt while Germany is set to auction €30bn in long-term instruments.

Worth pointing out as well, the single currency is sitting atop the 1.35 level this morning.

Spain´s Prime Minister, Mariano Rajoy, has indicated that he will unveil stimulus measures shortly.

Nordic bank Nordea has released better-than-expected fourth-quarter operating profits.

One of its main Scandinavian rivals, Swedbank, also beat analysts´ forecasts for the fourth-quarter.

Still on the equity front, but from a sector stand-point, the worst performing industrial groups are: Oil (-0.96%), Personal and household goods (-0.54%) and Basic resources (-0.45%).

Italian business confidence beats expectations
Italian Statistics office ISTAT´s business confidence index for the month of January fell to 88.2 (Consensus: 89.5) after a reading of 88.9 in the previous month.

Norway´s unemployment rate rose to 3.5% in November, after registering 3.2% in October.

Single currency rises
The euro/dollar is now rising by 0.17% to the 1.3511 dollar mark.

Front month Brent crude futures are now lower by 0.237 dollars to the 114.09 dollar mark on the ICE.


AB

FTSE 100 Top Risers

Name Last Chg.% Time
easyJet 1,627.00 5.31 15:35
International Consolidated Airlines Group SA (CDI) 456.30 4.46 15:35
TUI Travel 430.70 3.16 15:35
Admiral Group 1,252.00 2.96 15:35
Smith & Nephew 1,136.00 2.62 15:35

FTSE 100 Top Fallers

Name Last Chg.% Time
Petrofac Ltd. 844.00 -6.17 15:35
BG Group 1,004.50 -4.29 15:35
Tullow Oil 481.80 -3.83 15:35
Royal Dutch Shell 'B' 2,278.50 -3.72 15:35
Royal Dutch Shell 'A' 2,186.50 -3.40 15:35