ETX Capital Daily Market Bite, 27th June, 2013; European Markets Creep Higher But Caution Remains
June 27, 2013 8:51 am
June 27th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened mixed this morning, after the EU Finance Ministers reached a deal about future bank bailouts and who is liable to pay for them. According to the new rules, shareholders, bondholders and depositors with more than €100,000 should share the burden of saving a bank. Closer home, investors are expected to keep close eye on GDP data which might confirmed that UK economy grew 0.3% QoQ in the first-quarter of 2013, in line with the preliminary estimate and compared to a 0.3% contraction in the previous quarter. UK current account and total business investment data would also be closely watched by investors to get further directional clues. – See more at: http://www.etxcapital.co.uk/news/markets-mixed-after-eu-bank-rescue-deal#sthash.U3wPwm8s.dpuf
June 27th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened mixed this morning, after the EU Finance Ministers reached a deal about future bank bailouts and who is liable to pay for them. According to the new rules, shareholders, bondholders and depositors with more than €100,000 should share the burden of saving a bank. Closer home, investors are expected to keep close eye on GDP data which might confirmed that UK economy grew 0.3% QoQ in the first-quarter of 2013, in line with the preliminary estimate and compared to a 0.3% contraction in the previous quarter. UK current account and total business investment data would also be closely watched by investors to get further directional clues. – See more at: http://www.etxcapital.co.uk/news/markets-mixed-after-eu-bank-rescue-deal#sthash.U3wPwm8s.dpuf
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