ETX Capital Daily Market Bite, 23 August, 2013: European Stocks Ride Wave Of Improved Sentiment
August 23, 2013 8:12 am
August 23, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened mostly lower today, despite yesterday’s data from China to Europe which signalled that the global economy was on a recovery path. Investors eyed the second-quarter GDP from the UK, consumer confidence from the Eurozone and new home sales in the US, due today, to gauge the market direction. Closer home, revised data is expected to confirm that UK GDP expanded 0.6% QoQ in the second-quarter, as compared to a contraction of 0.3% QoQ in the previous quarter.
August 23, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened mostly lower today, despite yesterday’s data from China to Europe which signalled that the global economy was on a recovery path. Investors eyed the second-quarter GDP from the UK, consumer confidence from the Eurozone and new home sales in the US, due today, to gauge the market direction. Closer home, revised data is expected to confirm that UK GDP expanded 0.6% QoQ in the second-quarter, as compared to a contraction of 0.3% QoQ in the previous quarter.
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