ETX Capital Daily Market Bite, 23rd April 2014: European Markets Lower After Yesterday’s Gains
April 23, 2014 7:55 am
European markets have opened mostly in the red today, as investors took a breather following yesterday’s gains. Meanwhile, Chinese data released earlier indicated that manufacturing activity in the world’s second largest economy continued to shrink, albeit at a slower pace in April. Closer home, traders will keep a tab on the domestic public sector net borrowings data along with the minutes of the Bank of England’s latest monetary policy meeting. Additionally, today’s preliminary manufacturing activity data across the Eurozone and the US will be keenly eyed for further cues to risk appetite.
European markets have opened mostly in the red today, as investors took a breather following yesterday’s gains. Meanwhile, Chinese data released earlier indicated that manufacturing activity in the world’s second largest economy continued to shrink, albeit at a slower pace in April. Closer home, traders will keep a tab on the domestic public sector net borrowings data along with the minutes of the Bank of England’s latest monetary policy meeting. Additionally, today’s preliminary manufacturing activity data across the Eurozone and the US will be keenly eyed for further cues to risk appetite.
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