Daily Market Bite 14t/10/14: European Markets Track Wall Street Losses
October 14, 2014 8:07 am
European markets have opened in negative territory today, mirroring sharp overnight losses on Wall Street, amid escalating concerns over the strength of the global economy. Closer home, data from the BRC indicated that UK retail sales dropped unexpectedly in September. Later today, UK consumer price inflation data will attract market attention. Moreover, traders will keenly eye Eurozone industrial production and ZEW economic sentiment data for Germany and the Eurozone for further direction.
European markets have opened in negative territory today, mirroring sharp overnight losses on Wall Street, amid escalating concerns over the strength of the global economy. Closer home, data from the BRC indicated that UK retail sales dropped unexpectedly in September. Later today, UK consumer price inflation data will attract market attention. Moreover, traders will keenly eye Eurozone industrial production and ZEW economic sentiment data for Germany and the Eurozone for further direction.
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