ETX Capital Daily Market Bite, 11th November 2013: Markets Cautious On Fed; Data Eyed
November 11, 2013 8:55 am
November 11th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened mostly lower today, as investors avoided strong bets amid expectations that the US Federal Reserve might scale back its economic stimulus program earlier than expected and after a rise in China’s annual inflation fuelled speculation that Chinese central bank would maintain its tight monetary policy. Closer home, the Confederation of British Industry’s (CBI) SME Trends Survey revealed that business optimism among UK small and medium-sized manufacturers rose at the fastest pace in October, amid robust domestic and foreign demand. – See more at: http://www.etxcapital.co.uk/news/markets-cautious-on-fed1#sthash.rv8deNVq.dpuf
November 11th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened mostly lower today, as investors avoided strong bets amid expectations that the US Federal Reserve might scale back its economic stimulus program earlier than expected and after a rise in China’s annual inflation fuelled speculation that Chinese central bank would maintain its tight monetary policy. Closer home, the Confederation of British Industry’s (CBI) SME Trends Survey revealed that business optimism among UK small and medium-sized manufacturers rose at the fastest pace in October, amid robust domestic and foreign demand. – See more at: http://www.etxcapital.co.uk/news/markets-cautious-on-fed1#sthash.rv8deNVq.dpuf
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