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Markets Are Staging A Rally

Oct 3, 2014, 13:35 IST

European markets are solidly up this morning, after a dreary day yesterday.

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Here's the scorecard:

France's CAC 40 is up 0.77%

Spain's IBEX is up 0.70%

Italy's FTSE MIB is up 1.06%

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Britain's FTSE 100 is up 0.77%

German markets are closed today, for a national holiday.

In Asia, the Hang Seng had its first good day in a while, up 0.77%. The Nikkei also closed up 0.30%.

U.S. futures are up, with Dow futures and S&P futures climbing 0.34% and 0.40% respectively.

Eurozone retail sales figures are out at 5 a.m. ET, and figures should give some sign of consumer sentiment in September.

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And in US data later on:

At 8.30 a.m. ET, there's a wedge of labour market data out, including nonfarm payrolls. Analysts are expecting around a 215,000 print. Markit's services PMI is coming at 9.45 a.m. ET, followed by the same for ISM 15 minutes later.

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