Trader Talk: An Analysis of the Markets this Morning

Good morning,

European stock-index futures rose, signaling the Stoxx Europe 600 Index will halt five days of losses, before a U.S. employment report that may give clues on the timing of Federal Reserve stimulus cuts.

WHAT TO WATCH:

• Draghi Keeps ECB on Alert for 2014 Amid Feeble Inflation Outlook

• Deutsche Bank Joins Biggest Banks Cutting Commodity Headcount

• Total to Pay InterOil Up to $3.6b in Pacific LNG Deal

• Norway Readies Asset Sales as Statoil Ownership Under Review

• ECB Should Use QE to Combat Deflation Risk, Says Eichengreen

• Electronics Makers, Retailers Raided by EU in Online-Sales Probe

• Statoil to Select Norwegian Oil Projects With Care as Costs Rise

• EDF’s Proglio Interested in 1,000MW France-China Reactor: Echos

• Nestle to Sell Givaudan Shares Worth $1.27b to Investors

• Meditor Plans to Liquidate European Hedge Fund After Review

• Alcatel-Lucent Capital Increase Raises Gross EU956.7m

• Tomkins May Hire BOfA, Goldman, Morgan Stanley for IPO: Reuters

• Aviva’s McFarlane to Be Named Chairman of FirstGroup: Sky News

• Shell Will Not Pursue U.S. Gulf Coast GTL Project

• Austria Plans to Sell EU22b-EU26b Bonds in 2014

• Sky Deutschland to Buy 100% of Plazamedia, 25% Stake in Sport1

• Nelson Mandela, Who Led S. Africa Past Apartheid, Dies at 95

• Thousands Moved From English Coast as Thames Barrier Is Closed

• Ukraine Police Seek to Arrest Protest Agitators as Talks Stall

• Attack on Yemen Defense Ministry Leaves At Least 52 People Dead

EARNINGS All times CET, estimates where available:

• Berkeley Group (BKG LN) 8am, 1H

• Sthree (STHR LN) 8am, 4Q trading update

• Air France-KLM (AF FP) 8am, Nov. traffic

Good day and happy trading!

Kristian Camenzuli