ETX Capital Daily Market Bite, 13th January 2014: Markets Higher Amid Earnings, Fed Optimism
January 13, 2014 9:38 am
January 13th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened higher today, as investors speculated that the US Fed might not opt for additional stimulus cuts, after data yesterday showed surprisingly weak payroll data. Investors also eyed fourth-quarter earnings results from several US banks due this week to gauge the market direction. Closer home, the latest Business Trends survey from BDO, the accountancy firm, revealed that the UK private sector employment index have hit a 30-month high to 99.4 in December from 98.3 in the previous month.
January 13th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened higher today, as investors speculated that the US Fed might not opt for additional stimulus cuts, after data yesterday showed surprisingly weak payroll data. Investors also eyed fourth-quarter earnings results from several US banks due this week to gauge the market direction. Closer home, the latest Business Trends survey from BDO, the accountancy firm, revealed that the UK private sector employment index have hit a 30-month high to 99.4 in December from 98.3 in the previous month.
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