posted at 01:00
Author Name: Mike Bird
Markets Are Climbing
Six Flags Over Texas/FacebookIt's another rocky morning: most of the big European stock indexes opened up, but have now climbed into positive territory. That's in the context of the news that Chinese growth has fallen to a six year low, which came out overnight. France's CAC 40 is up 0.44%. Spain's IBEX is down 0.08%. Italy's FTSE MIB is up 0.52%. Britain's FTSE 100 is up 0.16%. Germany's DAX is up 0.37%. The Nikkei ended down 2.03%, with no repeat of yesterday's impressive climb. Hong Kong's Hang Seng index is currently down 0.30%. US stock futures have taken a hit: Both Dow and S&P futures are down 0.43%. UK public borrowing figures will be released at 4.30 a.m. ET, with analysts expecting a deficit of £9.2 billion. The figures are increasingly important as Britain heads towards its 2015 general election, with public spending a major issue. It's a quiet day for US data, but home sales figures will be released at 10 a.m. ET, giving some idea of how the housing market performed in September.

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