Trader Talk: An Analysis of the Markets this Morning

Good morning,

Markets are called to open higher this morning. Asian stocks rose, pushing the benchmark index to a five-month high, and emerging-market currencies gained with copper after China’s economic growth quickened. European and U.S. equity-index futures advanced.

China’s gross domestic product expanded 7.8 percent last quarter, official data showed today, matching the median estimate in a Bloomberg News survey of economists and halting a two-quarter slowdown. Federal Reserve Bank of Chicago President Charles Evans said yesterday the U.S. shouldn’t reduce stimulus after some reports stopped during a 16-day government shutdown.

WHAT TO WATCH:

• Barclays, Citigroup FX Traders’ Messages Said to Be Scrutinized

• Barclays Executives Knew of Libor Lowballing, Guardian Claims

• China Economic Growth Rebounds to 7.8%

• Asian Stocks Climb on China GDP Report

• Siemens CEO Kaeser Unravels Loescher Structure with Sales Revamp

• DBS Said to Advance in Bidding for SocGen’s Asian Private Bank

• L’Oreal in Talks to Buy Shiseido Brands for 230m Euros

• Merkel Wins Over Social Democrats for Power-Sharing Talks

• Italy’s Letta Says Trade Pact Between U.S., EU to Be Priority

• KPN Foundation Will Take Dutch VEB’s Letter Into Consideration

• Cap Gemini in Exclusive Talks to Buy Areva’s Euriware Unit

• Polymetal ‘Most Likely’ Won’t Pay Special Dividend This Yr: RIA

EARNINGS All times CET, estimates where available

• Anglo American (AAL LN) 8am, 3Q production

• Yara International (YAR NO) 8am, 3Q EPS GAAP est. NOK6.13

• Svenska Cellulosa (SCAB SS) 8am, 3Q EPS GAAP est. SEK1.92

• Ziggo (ZIGGO NA) 7:30am, 3Q EPS GAAP est. EU0.39

• Spectris (SXS LN) 8am, 3Q sales, IMS

• OMV (OMV AV) 7am, 3Q sales, trading statement

• Provident Financial (PFG LN) 8am, 3Q sales, IMS

• Evraz (EVR LN) 8am, 3Q production

Good day and happy trading!

Kristian Camenzuli