ETX Capital Daily Market Bite, 3rd December 2013: European Markets Weak US Stimulus Speculation
December 3, 2013 8:31 am
December 3rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened lower today, tracking losses on Wall Street and in Asian markets, as positive US economic data reignited speculation that the US Federal Reserve would start trimming its stimulus measures sooner than expected. Meanwhile, the British Retail Consortium reported that UK retail sales increased 2.3% YoY in value terms in November, following a 2.6% rise in the previous month. Like-for-like retail sales rose 0.6% in November. UK construction PMI data, scheduled to be released later in the day, would remain on investors’ radar to get further direction.
December 3rd, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened lower today, tracking losses on Wall Street and in Asian markets, as positive US economic data reignited speculation that the US Federal Reserve would start trimming its stimulus measures sooner than expected. Meanwhile, the British Retail Consortium reported that UK retail sales increased 2.3% YoY in value terms in November, following a 2.6% rise in the previous month. Like-for-like retail sales rose 0.6% in November. UK construction PMI data, scheduled to be released later in the day, would remain on investors’ radar to get further direction.
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