ETX Capital Daily Market Bite, 18th September 2013: European Stocks Rangebound Before FOMC Meeting
September 18, 2013 7:52 am
September 18th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened higher today, ahead of the outcome of the US Federal Reserve’s monetary policy meeting, due later in the day, wherein investors speculate that the central bank would reduce its asset purchases by $5 -$10 billion and maintain its ultra-low interest rates. Closer home, investors await the minutes of the Bank of England’s 4-5 September monetary policy meeting along with Eurozone construction output data to get additional clues on the market direction. – See more at: http://www.etxcapital.co.uk/news/fed-optimism-buoy-markets#sthash.ARbQMkDv.dpuf
September 18th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened higher today, ahead of the outcome of the US Federal Reserve’s monetary policy meeting, due later in the day, wherein investors speculate that the central bank would reduce its asset purchases by $5 -$10 billion and maintain its ultra-low interest rates. Closer home, investors await the minutes of the Bank of England’s 4-5 September monetary policy meeting along with Eurozone construction output data to get additional clues on the market direction. – See more at: http://www.etxcapital.co.uk/news/fed-optimism-buoy-markets#sthash.ARbQMkDv.dpuf
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