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10 things you need to know before European markets open

Oct 6, 2015, 11:19 IST

Attendees look up as hundreds of hot air balloons are being prepared on a field before take off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 4, 2015.REUTERS/Lucas Jackson

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Greece is on track to meet its economic reform goals. The chairman of euro zone finance ministers, Jeroen Dijsselbloem, said he believed Athens was serious about implementing the changes necessary before European creditors can pump in more money to recapitalize Greek banks

New clashes erupted in Israel. Fighting broke out in the West Bank and east Jerusalem, while Israel's military shot dead a 13-year-old Palestinian after Prime Minister Benjamin Netanyahu pledged a crackdown following attacks that killed four Israelis.

Twelve Pacific rim countries sealed a deal to create a huge free trade area. The deal on the Trans-Pacific Partnership, covering 40 percent of the global economy, aims to set the rules for 21st century trade and investment, a US official said.

Swiss inflation figures are coming at 7.15 a.m. UK time. The Consumer Price Index, issued by the Swiss Federal Statistical Office, measures the average price change for household goods and services. The consensus is for a rate of -1.4%

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Energy giant BP will pay a record $20.8 billion (£13.7 billion) over the 2010 Gulf of Mexico spill. The pay out will settle civil claims for damages stemming from the deadly oil spill, U.S. Attorney General General Loretta Lynch said. The settlement is significantly higher than a previously-announced deal in which BP was set to pay $18.7 billion to resolve claims from US government entities.

A senior Russian military delegation is visiting Israel today. The discussions focus on how the countries can avoid accidentally clashing while operating in Syria, an Israeli military officer said. Israeli Prime Minister Benjamin Netanyahu and Russian President Vladimir Putin agreed on Sept. 21 to set up teams as Moscow steps up military support for Syrian President Bashar al-Assad, who has been losing ground to an Islamist-led insurgency.

Google has taken a stake in Bloomberg-rival Symphony Communication Services. The fundraising round values the messaging startup at $650 million (£429 million), the Wall Street Journal reported. The service is backed by Goldman Sachs Group Inc and other big Wall Street banks.

Asian stocks and oil are rising. The prospect of a delay in the U.S. Federal Reserve's plan to raise interest rates boosted Asian shares and commodities. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 percent to two-week high while global crude benchmark Brent rose 2.3 percent to $49.22 per barrel.

Airbus faces a test of confidence in the A380 superjumbo. Singapore Airlines is pondering whether to renew its first lease in the coming months. The Southeast Asian airline was the first to fly the world's largest airliner in 2007 and a 10-year lease for its first aircraft expires in 2017.

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The U.S. government will auction 44,341 bitcoins. The U.S. Marshals Service said it would hold an online auction on Nov. 5 of bitcoins seized during the prosecution of the creator of Silk Road, an online black market where illegal drugs and other goods could be purchased with the digital currency.

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