ETX Capital Daily Market Bite, 24th September 2013: Stocks Edge Up; German IFO In Focus
September 24, 2013 7:47 am
September 24th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened slightly higher today, amid bargain hunting following a two-session retreat. However, gains were kept in check as ongoing political debates regarding the US budget added to worries about a possible US government shutdown. Further, investors were also concerned amid increasing uncertainty over Fed’s outlook on its bond purchases. Closer home, investors await BBA’s mortgage approvals data, to determine the strength in the nation’s economy. Separately, Bank of England’s policymaker Ben Broadbent stated that faster decline in UK unemployment will prompt the central bank to consider withdrawing some of the monetary stimulus. – See more at: http://www.etxcapital.co.uk/news/us-budget-talks-eyed#sthash.SFXmTfFl.dpuf
September 24th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened slightly higher today, amid bargain hunting following a two-session retreat. However, gains were kept in check as ongoing political debates regarding the US budget added to worries about a possible US government shutdown. Further, investors were also concerned amid increasing uncertainty over Fed’s outlook on its bond purchases. Closer home, investors await BBA’s mortgage approvals data, to determine the strength in the nation’s economy. Separately, Bank of England’s policymaker Ben Broadbent stated that faster decline in UK unemployment will prompt the central bank to consider withdrawing some of the monetary stimulus. – See more at: http://www.etxcapital.co.uk/news/us-budget-talks-eyed#sthash.SFXmTfFl.dpuf
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