LONDON (SHARECAST) - -Spanish central government budget deficit falls to 4.39 per cent
-Eurogroup teleconference on tap for tonight
-Eurozone banks tightened lending standards in third quarter -ECB
FTSE-100: -0.01%
Dax-30: 0.66%
Cac-40: 0.50%
FTSE Mibtel 30: 1.12%
Ibex 35: 1.05%
Stoxx 600: 0.37%
For the most part the major European equity benchmarks have opened trading moderately higher.
That ahead of what may turn out to be a somewhat haphazard re-start to trading Stateside. In a more positive vein, investors seem to be concentrating on the positive macroeconomic data out today in Germany, which has come alongside some better than expected company results.
Acting as a backdrop we have tonight´s conference-call between Eurozone finance ministers to discuss the situation in Greece.
Also of interest, according to the European Central Bank´s (ECB) latest bank lending survey a net 15% of the Eurozone´s banks which took part in the survey tightened their criteria for firms to borrow in the third quarter, up from 10% in the second quarter.
Large rises in airline groupsAir France-KLM is jumping 7% higher after Europe’s largest airline reported a 27% increase in third- quarter operating profit to €506m (£408m), far ahead of consensus estimates, as did its close rival Air France.
ArcelorMittal is lower after earnings before interest, taxes, depreciation and amortization (EBITDA) dropped to $1.34bn (£832m) from $2.41bn a year ago, which was actually what was expected by analysts.
From a sector stand-point the best performance on the Stoxx 600 is now to be seen in the following industrial groups: Automobiles (1.11%), Insurance (0.91%) and Travel 0.81%).
Eurozone unemployment at new recordSpain´s current account surplus increased to €1.2bn in August, above the previous month´s reading of €0.5bn.
The Eurozone´s unemployment rate rose by a tenth of a percentage point in September, to 11.6%, from a revised 11.5% in the month before (Consensus: 11.5%).
The Eurozone´s consumer price index for the month of October dropped to 2.5% year-on-year from 2.6% in the previous month.
German retail sales grew by 1.5% month-on-month in September (Consensus: 0.3%), versus last month´s reading of 0.3%.
French producer prices increased at a 0.3% month-on-month pace in September (Consensus: 0.2%).
French consumer spending rose by 0.1% month-on-month in September (Consensus: 0.2%), after a fall of 0.8% in August.
Spanish housing permits dropped by 37.2 month-on-month in August, after an increase of 10.6% in July.
Capital flight from Spain slowed down somewhat in August, by -34.7%, to €247.2bn.
Slight rise in crude futures
The euro/dollar is now up by 0.26% to the 1.3001 mark.
Front month Brent crude futures are rising by 0.601 dollars to the 109.74 dollar level on the ICE.
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