ETX Capital Daily Market Bite, 23rd July, 2013; European Stocks Edge Higher On Improved Tone
July 23, 2013 7:36 am
July 23rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened higher this morning, as disappointing US home sales data buoyed hopes of continued monetary stimulus from the US Federal Reserve in the near future. Meanwhile, investors would keep a close eye on corporate earnings to get hints about the market’s near-term direction. A survey by the British Chambers of Commerce and DHL indicated that UK exports reached their highest level since the recession in the second-quarter, adding to the signs of strong economic recovery. Investors await economic data by the BBA which might show that mortgage approvals in the UK rose to 38,500 in June from 36,100 in the previous month. – See more at: http://www.etxcapital.co.uk/news/markets-higher-on-us-stimulus-optimism#sthash.N5JwdzWk.dpuf
July 23rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened higher this morning, as disappointing US home sales data buoyed hopes of continued monetary stimulus from the US Federal Reserve in the near future. Meanwhile, investors would keep a close eye on corporate earnings to get hints about the market’s near-term direction. A survey by the British Chambers of Commerce and DHL indicated that UK exports reached their highest level since the recession in the second-quarter, adding to the signs of strong economic recovery. Investors await economic data by the BBA which might show that mortgage approvals in the UK rose to 38,500 in June from 36,100 in the previous month. – See more at: http://www.etxcapital.co.uk/news/markets-higher-on-us-stimulus-optimism#sthash.N5JwdzWk.dpuf
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