ETX Capital Daily Market Bite, 31st July, 2013; European Markets Trade Flat; FOMC Meeting Eyed
July 31, 2013 7:38 am
July 31st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened mostly lower this morning, as investors awaited the monetary policy statement from US Federal Reserve, to get further clarification on the central bank’s stance on its stimulus measures. Meanwhile, tomorrow’s policy meetings of the ECB and BoE will also be on investors’ radar to get further direction. With no release of major domestic economic data during the day, investors focused their attention to the release of US second-quarter GDP estimate and unemployment data, due later today. Earlier, data revealed that GFK’s UK consumer confidence index narrowed less-than-expected to -16 in July, while BRC’s shop price index slid 0.5% MoM in July.
July 31st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened mostly lower this morning, as investors awaited the monetary policy statement from US Federal Reserve, to get further clarification on the central bank’s stance on its stimulus measures. Meanwhile, tomorrow’s policy meetings of the ECB and BoE will also be on investors’ radar to get further direction. With no release of major domestic economic data during the day, investors focused their attention to the release of US second-quarter GDP estimate and unemployment data, due later today. Earlier, data revealed that GFK’s UK consumer confidence index narrowed less-than-expected to -16 in July, while BRC’s shop price index slid 0.5% MoM in July.
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