Investing.com - Financial Markets Worldwide
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Markets Focus On Italy and US For Policitcal Development

ByDanske Markets
Published 10/02/2013, 07:15 AM
Updated 05/14/2017, 06:45 AM

Focus is on politics in both the US and Italy. While we will likely have to wait before anything new happens in the US deadlock, and today Italy's prime minister is expected to win a vote of confidence in parliament. Italian markets rallied strongly yesterday as Silvio Berlusconi, the man who has been the main cause of trouble in Italian politics the past years, faces a major defeat.

The ECB will also be in the limelight today. We do not expect a rate cut or new measures from ECB, but focus will be on signals on how high the bar is for ECB to provide new stimulus, such as a new 3Y LTRO.

On the data front, the US ADP employment report is the main focus. However, since Friday's non-farm payrolls report is likely to be delayed due to the government shutdown, it may have less market impact than usual. Weekly jobless claims have been strong lately and point to decent job growth in September. Consensus is for a rise of 175k in ADP employment.

To Read the Entire Report Please Click on the pdf File Below.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.