ETX Capital Daily Market Bite, 20th September 2013: Stocks Ease As Fed Euphoria Subsides
September 20, 2013 7:50 am
September 20th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened lower today, as investors opted to book their trading profits after a recent rally drove markets to five year highs following the Fed’s decision to postpone a cut in stimulus. With no release of major domestic economic data during the day, investors turned their attention towards Eurozone consumer confidence and speeches by several Fed policymakers, later in day, to gauge the market direction. – See more at: http://www.etxcapital.co.uk/news/fed-euphoria-subsides#sthash.lwNQ9wXo.dpuf
September 20th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened lower today, as investors opted to book their trading profits after a recent rally drove markets to five year highs following the Fed’s decision to postpone a cut in stimulus. With no release of major domestic economic data during the day, investors turned their attention towards Eurozone consumer confidence and speeches by several Fed policymakers, later in day, to gauge the market direction. – See more at: http://www.etxcapital.co.uk/news/fed-euphoria-subsides#sthash.lwNQ9wXo.dpuf
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