European markets have opened lower today, extending the previous session’s sharp losses triggered by disappointing German industrial production data and a cut to the International Monetary Fund’s global economic growth outlook. Closer home, data from Halifax indicated that UK house prices rose in September while the BRC reported that shop prices in the UK dropped in September. Later today, the minutes of the latest US Federal Reserve policy meeting will take centre stage for indications on the Fed’s timeline for raising interest rates.
European markets have opened lower today, extending the previous session’s sharp losses triggered by disappointing German industrial production data and a cut to the International Monetary Fund’s global economic growth outlook. Closer home, data from Halifax indicated that UK house prices rose in September while the BRC reported that shop prices in the UK dropped in September. Later today, the minutes of the latest US Federal Reserve policy meeting will take centre stage for indications on the Fed’s timeline for raising interest rates.
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