ETX Capital Daily Market Bite, 2nd August, 2013; European Markets Higher On US Data: NFP Eyed
August 2, 2013 8:06 am
August 2nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened higher this morning, as yesterday’s upbeat data on US jobless claims and manufacturing sector activity boosted optimism about an improvement in US economic activity. However, gains were kept in check, as investors eyed US non-farm payrolls and factory orders data, due later today. Closer home, Nationwide reported that its seasonally adjusted house price index has increased more-than-expected 0.8% MoM in July. Data indicating the performance of UK construction sector and Helifax’s house prices, due today, will also be on investors’ radar to determine the performance of the UK economy. – See more at: http://www.etxcapital.co.uk/news/markets-higher-on-us-data#sthash.6x5jiZJX.dpuf
August 2nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened higher this morning, as yesterday’s upbeat data on US jobless claims and manufacturing sector activity boosted optimism about an improvement in US economic activity. However, gains were kept in check, as investors eyed US non-farm payrolls and factory orders data, due later today. Closer home, Nationwide reported that its seasonally adjusted house price index has increased more-than-expected 0.8% MoM in July. Data indicating the performance of UK construction sector and Helifax’s house prices, due today, will also be on investors’ radar to determine the performance of the UK economy. – See more at: http://www.etxcapital.co.uk/news/markets-higher-on-us-data#sthash.6x5jiZJX.dpuf
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