Daily Market Bite 31/10/14: Markets Track Tokyo’s Rally; Eurozone Data In Focus
October 31, 2014 10:01 am
European markets have opened higher today, amid optimism over the US economy and tracking sharp gains in Japanese markets triggered by a report that Japan’s Government Pension Investment Fund might increase its holdings in equities and the Bank of Japan’s decision to implement fresh easing measures. Closer home, data showed that the GfK consumer confidence deteriorated for a second-straight month in October. Looking ahead, amid a lack of any major domestic economic releases, traders will track Eurozone consumer price inflation and unemployment rate data for further guidance. Additionally, the US Reuters/Michigan consumer sentiment index data will keep traders on their toes.
European markets have opened higher today, amid optimism over the US economy and tracking sharp gains in Japanese markets triggered by a report that Japan’s Government Pension Investment Fund might increase its holdings in equities and the Bank of Japan’s decision to implement fresh easing measures. Closer home, data showed that the GfK consumer confidence deteriorated for a second-straight month in October. Looking ahead, amid a lack of any major domestic economic releases, traders will track Eurozone consumer price inflation and unemployment rate data for further guidance. Additionally, the US Reuters/Michigan consumer sentiment index data will keep traders on their toes.
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