ETX Capital Daily Market Bite, 21st March, 2013: Markets Weak On Cyrpus And Euro Zone Data
March 21, 2013 11:55 am
March 21st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened slightly lower this morning, as Cypriot politicians struggled to find ways to secure the €10 billion bailout offered by its European partners. However, losses were limited, following a pick-up in Chinese factory activity and a pledge by the US Federal Reserve to maintain its stimulus programme. Meanwhile, on the macroeconomic front, investors await UK retail sales figures and public finances data for more clarity on the nation’s economic outlook.
March 21st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened slightly lower this morning, as Cypriot politicians struggled to find ways to secure the €10 billion bailout offered by its European partners. However, losses were limited, following a pick-up in Chinese factory activity and a pledge by the US Federal Reserve to maintain its stimulus programme. Meanwhile, on the macroeconomic front, investors await UK retail sales figures and public finances data for more clarity on the nation’s economic outlook.
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