ETX Capital Daily Market Bite, 29th August, 2013: European Markets Rebound But Sentiment Fragile
August 29, 2013 8:11 am
August 29th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened higher today, amid bargain hunting as investors took advantage of the recent slide in the equities. However, investors remained concerned, as uncertainties grew over US military action against Syria, following reports that the US might face obstacles with its UK allies and the US lawmakers. Investors also look ahead to the release of US GDP and speeches of some Fed officials, due later today, to take a hint on the US central bank’s outlook on bond purchases. Closer home, investors eyed GFK’s consumer confidence data, due today, which is expected to show that consumer confidence in UK improved to a reading of -14 in August, as compared to -16 in the previous month. – See more at: http://www.etxcapital.co.uk/news/markets-up-on-bargain-hunting5#sthash.HqufPNW9.dpuf
August 29th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened higher today, amid bargain hunting as investors took advantage of the recent slide in the equities. However, investors remained concerned, as uncertainties grew over US military action against Syria, following reports that the US might face obstacles with its UK allies and the US lawmakers. Investors also look ahead to the release of US GDP and speeches of some Fed officials, due later today, to take a hint on the US central bank’s outlook on bond purchases. Closer home, investors eyed GFK’s consumer confidence data, due today, which is expected to show that consumer confidence in UK improved to a reading of -14 in August, as compared to -16 in the previous month. – See more at: http://www.etxcapital.co.uk/news/markets-up-on-bargain-hunting5#sthash.HqufPNW9.dpuf
ETX Capital’s RSS site: http://my.etxcapital.co.uk
Related Posts: