ETX Capital Daily Market Bite 22nd May 2014: China PMI Numbers at a 5 month high
May 22, 2014 9:02 am
European markets have opened higher today, after the minutes of the US Federal Reserve’s latest policy meeting indicated no significant change in monetary policy and following better-than-expected Chinese manufacturing data. Later, manufacturing and services PMI data in the Eurozone will be closely eyed. Closer home, traders await second GDP estimate which is expected to show that the nation’s economy expanded 0.8% QoQ in the first quarter of 2014, unchanged compared to the preliminary estimate.
European markets have opened higher today, after the minutes of the US Federal Reserve’s latest policy meeting indicated no significant change in monetary policy and following better-than-expected Chinese manufacturing data. Later, manufacturing and services PMI data in the Eurozone will be closely eyed. Closer home, traders await second GDP estimate which is expected to show that the nation’s economy expanded 0.8% QoQ in the first quarter of 2014, unchanged compared to the preliminary estimate.
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