ETX Capital Daily Market Bite, 26th September 2013: Stocks Choppy; UK And US GDP Figures Eyed
September 26, 2013 7:44 am
September 26th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened slightly higher today, as Federal Reserve Bank of Richmond President Jeffrey Lacker’s pro-stimulus comments more than offset concerns about a US political stalemate which might cause the Government to breach the 1 October 2013 fiscal deadline and risk a government shutdown. Closer home, investors await the final reading of the UK second-quarter GDP data that is expected to be revised to show a 0.7% QoQ expansion, from a previous estimate of 0.6% QoQ expansion and compared to a 0.3% QoQ contraction in the previous quarter. – See more at: http://www.etxcapital.co.uk/news/us-fiscal-deadline-looms#sthash.kxs58HRW.dpuf
September 26th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened slightly higher today, as Federal Reserve Bank of Richmond President Jeffrey Lacker’s pro-stimulus comments more than offset concerns about a US political stalemate which might cause the Government to breach the 1 October 2013 fiscal deadline and risk a government shutdown. Closer home, investors await the final reading of the UK second-quarter GDP data that is expected to be revised to show a 0.7% QoQ expansion, from a previous estimate of 0.6% QoQ expansion and compared to a 0.3% QoQ contraction in the previous quarter. – See more at: http://www.etxcapital.co.uk/news/us-fiscal-deadline-looms#sthash.kxs58HRW.dpuf
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