ETX Capital Daily Market Bite, 2nd September 2013: European Markets Sharply Higher On PMI Data
September 2, 2013 7:39 am
September 2, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened higher today, as data from Asia revealed an improvement in Chinese manufacturing activities and an increase in Japan’s industrial investments. US decision to consult US Congress before taking any decision about military intervention on Syria further calmed investors’ concern. Closer home, investors await UK manufacturing PMI and BRC’s retail price monitor data, due later today, to get additional information about the strength in nation’s economy. Earlier, data from Hometrack revealed that housing prices in UK rose 0.4% MoM in August, from a 0.3% MoM increase reported in the previous month. – See more at: http://www.etxcapital.co.uk/news/market-track-asia-higher#sthash.sd4EsQcq.dpuf
September 2, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened higher today, as data from Asia revealed an improvement in Chinese manufacturing activities and an increase in Japan’s industrial investments. US decision to consult US Congress before taking any decision about military intervention on Syria further calmed investors’ concern. Closer home, investors await UK manufacturing PMI and BRC’s retail price monitor data, due later today, to get additional information about the strength in nation’s economy. Earlier, data from Hometrack revealed that housing prices in UK rose 0.4% MoM in August, from a 0.3% MoM increase reported in the previous month. – See more at: http://www.etxcapital.co.uk/news/market-track-asia-higher#sthash.sd4EsQcq.dpuf
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