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26 Feb 2013
European markets lower on Italian results, Italy stocks drown -4.60%
The Italian FTSE MIB, drowing by -4.60%, shows investors' concerns over inconclusive results of the Italian elections that are likely to lead to a return to the polls. The Anti-austerity vote was sound and clear. Italian regulators are in talks with the stock exchange and thinking of banning short selling temporarily to keep markets from high volatility during these uncertain times post-elections.
The German DAX 30 (-0.15%) and the Spanish IBEX 35 (-2.75%) move lower, like most European equity indexes, excluding the French CAC 40 (+0.41%).
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher opening between 0.07% and 0.15% ahead of US housing reports (house prices for December and new home sales for January) and Conference Board’s consumer confidence index for February (“where markets are looking for a bounce from the 14-month low of 58.6 up to 61.2”). Most importantly, Fed Bernanke’s semi-annual testimony to the Senate Banking Committee is due at 15:00 GMT.
The German DAX 30 (-0.15%) and the Spanish IBEX 35 (-2.75%) move lower, like most European equity indexes, excluding the French CAC 40 (+0.41%).
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a higher opening between 0.07% and 0.15% ahead of US housing reports (house prices for December and new home sales for January) and Conference Board’s consumer confidence index for February (“where markets are looking for a bounce from the 14-month low of 58.6 up to 61.2”). Most importantly, Fed Bernanke’s semi-annual testimony to the Senate Banking Committee is due at 15:00 GMT.