ETX Capital Daily Market Bite 16th June 2014: Iraq Escalation Drives Oil Prices
June 16, 2014 8:47 am
European markets have opened in the red today, adding to last week’s losses, as tensions in Iraq escalated after Sunni insurgents captured the northwestern city of Tal Afar on Sunday. Closer home, data from Rightmove indicated that house prices in the UK rose at a slower pace in June. With no domestic macroeconomic releases later today, traders will eye the final Eurozone consumer price index and US industrial production data for further direction.
European markets have opened in the red today, adding to last week’s losses, as tensions in Iraq escalated after Sunni insurgents captured the northwestern city of Tal Afar on Sunday. Closer home, data from Rightmove indicated that house prices in the UK rose at a slower pace in June. With no domestic macroeconomic releases later today, traders will eye the final Eurozone consumer price index and US industrial production data for further direction.
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