ETX Capital Daily Market Bite, 16th January 2014: Markets Steady; Bank Earnings Digested
January 16, 2014 9:41 am
January 16th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened slightly higher today, as another batch of upbeat US economic data along with a statement from IMF Managing Director Christine Lagarde that the global economy would strengthen in 2014, boosted investor sentiment. However, gains are expected to be capped, on profit booking. Closer home, a survey by the Royal Institution of Chartered Surveyors (RICS) indicated that UK housing price expectations hit 14-year high in December. Later, investor would keep a close eye on the release of the ECB monthly report along with Eurozone consumer inflation figures, due later in the day, to gauge the market direction. – See more at: http://www.etxcapital.co.uk/news/markets-extend-gains4#sthash.NS5cr1q5.dpuf
January 16th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened slightly higher today, as another batch of upbeat US economic data along with a statement from IMF Managing Director Christine Lagarde that the global economy would strengthen in 2014, boosted investor sentiment. However, gains are expected to be capped, on profit booking. Closer home, a survey by the Royal Institution of Chartered Surveyors (RICS) indicated that UK housing price expectations hit 14-year high in December. Later, investor would keep a close eye on the release of the ECB monthly report along with Eurozone consumer inflation figures, due later in the day, to gauge the market direction. – See more at: http://www.etxcapital.co.uk/news/markets-extend-gains4#sthash.NS5cr1q5.dpuf
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