ETX Capital Daily Market Bite, 16th April, 2013: European Markets Lower But Gold Rebounds
April 16, 2013 11:15 am
April 16th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened lower this morning, extending their losses to a third straight session, as global growth concerns, a heavy sell-off in commodities and two explosions at the Boston Marathon hampered investor sentiment. Meanwhile, investors are expected to keep a close eye on the release of inflation data which might show that the consumer price index in the UK rose 2.8% YoY and 0.4% MoM in March. The release of producer prices and retail prices data would also remain on investors’ radar to get further clue about UK economy.
April 16th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened lower this morning, extending their losses to a third straight session, as global growth concerns, a heavy sell-off in commodities and two explosions at the Boston Marathon hampered investor sentiment. Meanwhile, investors are expected to keep a close eye on the release of inflation data which might show that the consumer price index in the UK rose 2.8% YoY and 0.4% MoM in March. The release of producer prices and retail prices data would also remain on investors’ radar to get further clue about UK economy.
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