10 Things You Need To Know Before The Opening Bell
REUTERS/Toru Hanai
Japan Shocked Markets With More QE. In the face of disappointing inflation, Bank of Japan governor Haruhiko Kuroda has hiked Japan's bond purchases, and the Nikkei soared to a six year high.
The Eurozone's Inflation Ticked Up A Little. Eurozone inflation rose to 0.4%, taking pressure to ease off the European Central Bank a little, but not much: the core measure of inflation is at its joint-lowest in history.
Russia Hiked Interest Rates Massively. The Russian central bank raised rates by 150 basis points to 9.5% in a gamble that higher rates will halt the ruble's slide against the dollar and the euro.
German Retail Sales Fell Through The Floor. Germany's retail sales dropped 3.2% in September, the worst monthly decline since May 2008.
European Stocks Are Surging. France's CAC 40 index is up 2.03%, Germany's DAX is up 1.75% and the UK's FTSE 100 is up 1.11%. That's after a massive rally which sent the Nikkei up 4.83%.
Ukraine Seems To Have Brokered A Gas Deal With Russia. Russia agreed to resume gas deliveries to Ukraine through the winter in an EU-brokered deal reached by the three parties in Brussels on Thursday, an EU source said.
Consumer Spending Is Coming. Personal income and spending figures from the US are coming, at 8:30 a.m. ET, figures that should give some idea of the economy's strength in September.
RBS Is Braced For $639 Million Of Fines. State-owned Royal Bank of Scotland has set aside £400 million (€509 million) to settle allegations of price-rigging in foreign exchange markets.
Sony Reported A Narrower Q2 Loss Than Expected. Operating loss reached 85.6 billion yen ($771 million) in July-September, compared with the 164.3 billion yen average estimate of three analysts polled by Thomson Reuters.
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