Trader Talk: An Analysis of the Markets this Morning

Good morning,

Markets are called to open flat this morning. This is what's happening today:

European stock-index futures advanced, indicating equities may snap two days of losses, as China’s industrial output growth unexpectedly accelerated. U.S. index futures and Asian shares were little changed.

Futures on the Euro Stoxx 50 Index expiring in December climbed 0.3 percent to 3,038 at 7:04 a.m. in London. The Stoxx Europe 600 Index has risen for five straight weeks as the European Central Bank unexpectedly lowered its key interest rate and the Federal Reserve maintained bond purchases. Contracts on the U.K.’s FTSE 100 Index added 0.5 percent today. Standard & Poor’s 500 Index futures lost less than 0.1 percent, while the MSCI Asia Pacific Index rose 0.2 percent.

WHAT TO WATCH:

• Euro Recovery Seen Fizzling as Growth Crawl Supports Draghi Cut

• RSA Hires PwC to Review Irish Unit, Says Committed to Dividend

• Vard Sees Biggest Orders Since 2007 on Exploration Demand

• RSA Suspends Top Executives at Irish Business Amid Investigation

• Zambia Revokes Work Permit of Vedanta Unit’s Chief Executive

• Banks in Sweden Told to Cut Market Reliance for Mortgage Funding

• Deutsche Telekom to Acquire GTS Central Europe for $730m

• BT Trumps BSkyB to Win Sports Rights in ‘Armageddon Scenario’

• Czech Regulator to Open Bidding in Mobile Spectrum Tende

• Hypo Alpe-Adria Says Austria Must Inject Fresh Funds This Month

• Portugal Rating Outlook Revised to Stable by Moody’s on Economy

EARNINGS All times CET, estimates where available

• Kabel Deutschland (KD8 GR) 7am, 2Q Ebitda EU225m (2 est.)

• UniCredit (UCG IM) post-mkt, 3Q GAAP net EU195.2m

• Lonmin (LMI LN) 8am, FY pretax $103.3m

• Wincor Nixdorf (WIN GR) 7:30am, 4Q Ebit EU39.7m

• Admiral Group (ADM LN) 8am, 3Q sales, IMS

• Cobham (COB LN) 8am, 3Q sales, IMS

• Hammerson (HMSO LN) 8am, 3Q sales, IMS

• Catlin (CGL LN) 8am, 3Q sales, IMS

• Kingspan (KSP ID) 8am, 3Q sales, IMS

Good day and happy trading!

Kristian Camenzuli