ETX Capital Daily Market Bite, 2nd December 2013: European Markets Weak; Manufacturing Data In Focus
December 2, 2013 10:43 am
December 2nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened mostly higher today, ahead of a number of key economic releases this week, which would provide further clues on the health of the world economy and the outlook for monetary stimulus from central banks in the US and Europe. Data indicating steady Chinese factory growth provided some support to stocks. Meanwhile, Hometrack reported that UK house prices increased 0.5% MoM in November. Investors await the release of economic data, due later in the day, which might show that the UK manufacturing activity index remained unchanged at a reading of 56.0 in November compared to the previous month. – See more at: http://www.etxcapital.co.uk/news/markets-eye-manufacturing-data#sthash.DdInpuQR.dpuf
December 2nd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened mostly higher today, ahead of a number of key economic releases this week, which would provide further clues on the health of the world economy and the outlook for monetary stimulus from central banks in the US and Europe. Data indicating steady Chinese factory growth provided some support to stocks. Meanwhile, Hometrack reported that UK house prices increased 0.5% MoM in November. Investors await the release of economic data, due later in the day, which might show that the UK manufacturing activity index remained unchanged at a reading of 56.0 in November compared to the previous month. – See more at: http://www.etxcapital.co.uk/news/markets-eye-manufacturing-data#sthash.DdInpuQR.dpuf
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