Daily Market Bite 20/10/14:Markets Shrug Off Positive Asian Cues
October 20, 2014 10:35 am
European markets have opened in the red today, reversing some of Friday’s sharp gains and shrugging off positive leads from Asian markets. Closer home, data from Rightmove indicated that house prices in the UK rose in October. With no major domestic economic releases later today, market participants will track Eurozone current account and Italy’s industrial data for further guidance. Additionally, speeches by European Central Bank and US Federal Reserve officials will keep traders interested.
European markets have opened in the red today, reversing some of Friday’s sharp gains and shrugging off positive leads from Asian markets. Closer home, data from Rightmove indicated that house prices in the UK rose in October. With no major domestic economic releases later today, market participants will track Eurozone current account and Italy’s industrial data for further guidance. Additionally, speeches by European Central Bank and US Federal Reserve officials will keep traders interested.
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