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Markets are called to open flat this morning. Asian stocks snapped a three-day gain and European equity futures slid as China reported slowing economic growth amid easing industrial production and asset spending. Oil retreated as gold extended its advance.
PSA Peugeot Citroen, Europe’s second-biggest carmaker, increased vehicle sales by 4.1 percent in the fourth quarter, stemming its decline for the year as it seeks to raise money to fund a turnaround plan. Deliveries in the last three months of 2013 rose to 748,000 vehicles, boosted by demand for the 2008 crossover and 308 hatchback, the Paris-based manufacturer said today. Full-year sales fell 4.9 percent to 2.82 million cars and light commercial vehicles.
WHAT TO WATCH:
• Deutsche Bank posts surprise quarterly loss on legal costs
• Amplats Union Votes for Platinum Strike as It Calls Gold Walkout
• Deutsche Telekom Says T-Mobile Value Returns to AT&T Deal Levels
• French Ministers Say PSA Peugeot Citroen Will Remain French
• London House-Price Growth Slows After Strongest Year Since 2006
• Statoil Says Snorre A Oil Production Running Normally
• Sacyr Wants Agreement to Finish Panama Canal Work by June 2015
• Ukraine Street Violence Erupts as Protesters Defy New Law
• Ireland Regains Investment Grade Rating From Moody’s
• Hochtief Gets Bids for Stake in Aurelis Property Unit: Reuters
EARNINGS All times CET:
• Wincor Nixdorf (WIN GY) 8am, 1Q earnings
• Peugeot Citroen (UG FP) 8am, FY/4Q unit sales
Good day and happy trading!
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