European markets have opened lower today, extending the previous session’s losses. Resource sector stocks are in focus today amid falling oil and iron ore prices. Closer home, traders will keep an eye on Markit construction Purchasing Managers’ Index data which is expected showed a decline in October. Additionally, market participants look forward to the release of the European Commission’s economic growth forecasts for the Eurozone and the European Union. Eurozone producer prices along with US factory orders and trade balance data will also garner market attention.
European markets have opened lower today, extending the previous session’s losses. Resource sector stocks are in focus today amid falling oil and iron ore prices. Closer home, traders will keep an eye on Markit construction Purchasing Managers’ Index data which is expected showed a decline in October. Additionally, market participants look forward to the release of the European Commission’s economic growth forecasts for the Eurozone and the European Union. Eurozone producer prices along with US factory orders and trade balance data will also garner market attention.
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