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European markets down on Monday

By FXstreet.com January 07, 2013, 06:37:00 AM EDT

FXstreet.com (Barcelona) - The German DAX 30 (-0.41%), the French CAC 40 (-0.63%) and the Italian FTSE MIB (-0.11%), while the Spanish IBEX 35 gains +0.27% as investors start a new week with headlines that former Italian Prime Minister Silvio Berlusconi has now an agreement with Northern League, which in case of a win he could be appointed Economy Minister.

First ECB meeting decisions of 2013 is next Thursday and President Mario Draghi said he expects a calmer year in 2013. The EMU Producer Price Index eased from 2.6% to 2.1% on the annualized basis in November, lower than the 2.4% expected. The monthly change was a -0.2% contraction. Earlier, the Sentix Investor Confidence indicator in the Eurozone jumped from -16.8 to -7 in January, beating consensus of -15.0.

Futures for the American S&P 500 (-0.13%), Nasdaq 100 (-0.07%) and Dow Jones 30 (-0.14%) are signaling a lower opening ahead of the New York opening. The economic calendar in the US is empty, while Canada will provide Ivey PMI data for December. WTI crude oil trades at $92.60 (-0.50%) and Gold at $1653 (-0.20%).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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