AMERICAN MARKETS OUTLOOK: U.S. stocks are expected to start higher Friday, David Morrison at GFT said. Investors have reacted positively to better U.S. economic data, such as housing starts and jobless claims, while ignoring weaker-than-expected news on third-quarter GDP and existing home sales, according to Morrison. Although it is the last trading day before Christmas, there is plenty on the economic calendar. Personal income and spending and durable goods orders are due at 1330 GMT, with new home sales data scheduled for 1500 GMT.

At 1144 GMT, S&P 500 futures were up 5.95 points at 1255.05, Nasdaq 100 futures were up 8.75 points at 2269.50 and Dow industrial futures were up 54.50 points at 12154.50.

EUROPEAN MARKETS: European stocks are up, just off the day's high, in thin volumes. At 1146 GMT, Euro Stoxx 50 was up 0.9% at 2294.09. For now, European sovereign-debt concerns have taken a back seat, though Simon Denham at Capital Spreads is cautious. "The reality is...Europe will have to do a great deal more than a few austerity measures here or there to get through the predicament it finds itself in." Meanwhile, Deutsche Boerse reversed gains and was down 0.8%. Although U.S. regulators cleared its planned merger with NYSE Euronext, there are concerns about the European antitrust review. ING Groep was up 1.1%, after it said it will boost capital ratios.

London's FTSE 100 was up 1.0% at 5511.60, pushing higher amid thin volumes heading into the long holiday break. The continued strong run of economic data from the U.S., together with a vote of confidence for the austerity package of new Italian prime minister Mario Monti, gave the bulls a reason to drive price action higher. But despite the upbeat mood, Charles Stanley analyst Bill McNamara said that the U.K. index is still stuck in a downtrend that has been keeping it in check since July "and it would have to break decisively through 5600 for that situation to change." The FTSE closes Friday at 1230 GMT, but other European bourses will continue to trade as usual.

Currency Markets were almost slowing to a stop ahead of the festive break. The major currency pairs were within striking distance of their opening levels, as were equities and peripheral euro-zone bond spreads, although U.K. gilts outperformed with the 10-year yield falling to a record low of 2.01%. Yields on French 10-year bonds also fell below 3% for the first time since September.

Bunds and gilts were mixed. At 1140 GMT, March bunds were down 0.06 at 137.77, while March gilts were up 0.25 at 116.54.

At 1140 GMT, the dollar was down at Y78.05, the euro was up at $1.3072 and the pound was unchanged at $1.5678.

ING To Boost Capital With Gain From Bond Exchange Offer 

Dutch financial services company ING says it will raise around EUR745 million after tax from a EUR5.8 billion debt exchange aimed at boosting its capital buffers.

ECB Overnight Deposits Reach New 2011 High 

Use of the ECB's overnight deposit facility reaches a new record high for the year Thursday, suggesting recent measures by central banks and policy makers still aren't enough to restore confidence in inter-bank lending markets

INDICES à 13H25..

BEL 20 * 2053.99 13.70 0.67 %  
AEX * 308.09 2.91 0.95 %  
CAC 40 * 3110.54 38.74 1.26 %  
Euronext 100 * 584.38 6.55 1.13 %  
Next 150 * 1250.20 13.47 1.09 %  
DAX 5876.12 23.94 0.41 %  
FTSE MIB 15113.61 86.17 0.57 %  
IBEX 35 8557.00 94.10 1.11 %  
SMI 5888.29 51.23 0.88 %  
SLI 873.86 9.97 1.15 %  
SPI 5306.74 44.92 0.85 %  
FTSE 100 5515.76 58.79 1.08 %  
Dow Jones * 12169.65 61.91 0.51 %  
Nasdaq 100 2266.77 0.00 0.00 %  
Nasdaq 2599.45 0.00 0.00 %  
OMX Nordic 40 886.69 9.40 1.07 %  
OMX Helsinki 25 1921.80 20.12 1.06 %  
OMX Stockholm 30 978.90 7.99 0.82 %  
OMX Copenhagen 20 383.88 6.26 1.66 %

13:26 Écrit par swingteam-cc | Lien permanent | Commentaires (0) |  Facebook |

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