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6 May 2013
European markets down on EMU retail sales
FXstreet.com (Barcelona) - While the German DAX 30 eases by -0.10%, the French CAC 40 falls -0.40% and the Spanish IBEX 35 and the Italian FTSE MIB edge lower by -0.60% after disappointing retail sales in the Eurozone but overall improving PMI services and Composite PMI in Europe, while ahead of ECB Draghi’s press conference at 13:00 GMT.
EMU retail sales contracted -2.4% in March (YoY), down from -1.7% (revised lower from -1.4%) and below -1.9% expectations. On the month, data dropped by -0.1% as expected.
April Services PMI figures are the following: Germany eased only from 50.9 to 49.6 (consensus of 49.2); France rose from 44.1 to 44.3 despite unchanged expectations; Italy beat consensus of 45.8 by jumping from 45.5 to 47.0; Spain dropped from 45.3 to 44.4 (consensus of 45.7). EMU Markit services PMI rose from 46.4 to 47.0, beating consensus of 46.6, and PMI Composite was expected to stay unchanged at 46.5 but improved to 46.9.
Spanish unemployment fell by -46.1K instead of rising 17.1K in April. Data follows a -5.0K drop in March.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a mixed opening ahead of a quiet US session with a practically empty economic calendar.
EMU retail sales contracted -2.4% in March (YoY), down from -1.7% (revised lower from -1.4%) and below -1.9% expectations. On the month, data dropped by -0.1% as expected.
April Services PMI figures are the following: Germany eased only from 50.9 to 49.6 (consensus of 49.2); France rose from 44.1 to 44.3 despite unchanged expectations; Italy beat consensus of 45.8 by jumping from 45.5 to 47.0; Spain dropped from 45.3 to 44.4 (consensus of 45.7). EMU Markit services PMI rose from 46.4 to 47.0, beating consensus of 46.6, and PMI Composite was expected to stay unchanged at 46.5 but improved to 46.9.
Spanish unemployment fell by -46.1K instead of rising 17.1K in April. Data follows a -5.0K drop in March.
Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a mixed opening ahead of a quiet US session with a practically empty economic calendar.