Daily Market Bite 5/11/14 – Markets Rebound From Yesterday’s Losses
November 5, 2014 9:45 am
European markets have open in positive territory today, rebounding from the previous session’s sharp losses. Meanwhile, news reports revealed that the US Republican Party has won a majority in the US Senate during the mid-term elections. Closer home, the NIESER lifted its economic outlook for the UK and expects the Bank of England to keep its interest rates unchanged until June 2015. Later today, UK Markit services PMI and official reserves data will be tracked for further guidance. Additionally, Eurozone retail sales and US private sector employment data will keep traders on their toes.
European markets have open in positive territory today, rebounding from the previous session’s sharp losses. Meanwhile, news reports revealed that the US Republican Party has won a majority in the US Senate during the mid-term elections. Closer home, the NIESER lifted its economic outlook for the UK and expects the Bank of England to keep its interest rates unchanged until June 2015. Later today, UK Markit services PMI and official reserves data will be tracked for further guidance. Additionally, Eurozone retail sales and US private sector employment data will keep traders on their toes.
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