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Daily Market Bite 5th August 2014: US Markets Rebound, Gold Recovers Overnight
August 5, 2014 8:26 amVideo
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European markets have opened in the green today, shrugging off weak Asian cues and embracing some upbeat earnings updates from Bayerische Motoren Werke AG and other blue-chip European companies. Meanwhile, the NIESR indicated that it expects the UK economy to grow 3% in 2014, an upward revision from the previous growth estimate of 2.9%. Later today, market participants await UK Markit services PMI data which is expected to show a marginal improvement in July. Additionally, traders will look forward to Eurozone retail sales and services PMI across Europe and the US for further direction.
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