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Market News


European Markets

Opening calls are indicating a flat open this morning.

Asian Markets

The Nikkei and Hang Seng averages are trading flat in the current session.

US Markets

U.S. stocks advanced Tuesday, on the back of gains in global markets, as investors grew optimistic following upbeat comments about Europe and a decent start to quarterly corporate results.

The Dow Jones industrial average rose 70 points, or 0.6%, and the S&P 500 added 11 points, or 0.9%.

 

Events Today

IMF chief Christine Lagarde will meet French President Nicolas Sarkozy in Paris on Wednesday with discussions expected to focus on the sovereign debt crisis in the euro zone and problems for the global economy. Their meeting will begin at 11:00am UK time.

In Berlin, Italian Prime Minister Mario Monti will meet the German Chancellor a day after credit rating agency Fitch warned of an imminent downgrade for Italy. A press conference with the German and the Italian leaders is due to take place at 12:00 UK time.

Merkel, German Finance Minister Wolfgang Schaeuble and World Bank head Robert Zoellick are then all expected to attend a conference on ‘The Future of Europe; The Future of the Euro’ in the German capital.

A 4 billion euro ($5.09 billion) auction of German 5 year bonds is scheduled for 10:30am UK time on Wednesday and key economic data before the open includes German provisional GDP data at 7:00am.

Corporate releases include first quarter sales data from French food services firm Sodexo and a third quarter trading statement from UK retailer Sainsbury’.