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FXstreet.com (Barcelona) - The German DAX 30 and the French CAC 40 are edging higher on Wednesday by +0.50% ahead of the Greek Parliament vote on austerity that is attracting most of the market attention after the US election results giving the win to Barack Obama. The Italian FTSE MIB trades flat, the Spanish IBEX 35 gains +0.30% and the Greek ATHEX rallies by +1.30%.

The German industrial production fell -1.8% on September, increasing the contracting pace of -0.5% seen in the prior month. The annualized figure was revised from -0.8% to -1.3% in August, and September data points to -1.2%. The European session saw a concerning Spanish industrial output, an annualized contraction of -7.0% in September, and a monthly fall in EMU retail sales once again. The Eurozone annualized retail sales also came in today and Eurostat points to fuel economization as the biggest drag.

Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a lower New York opening, hungover from the election process. WTI crude oil is down by -1.10% at $87.80, and Gold rises by +0.76%, at $1724.

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