ETX Capital Daily Market Bite, 5th September 2013: European Markets Cautious; Eyes On ECB And BoE
September 5, 2013 7:43 am
September 5th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened higher today, ahead of the interest rate decisions from the ECB and the BoE, due later in the day. Investors speculated that central banks might reinforce their forward guidance on their policy amid signs that US Fed might start unwinding its bond-buying. However, Syrian concerns continued to weigh on sentiment. Closer home, investors’ eye US economic data, including reports on weekly jobless claims, monthly factory orders and service sector activity, due out later in the day, for hints on the timing for Fed’s QE tapering. – See more at: http://www.etxcapital.co.uk/news/markets-eye-ecb-boe#sthash.j76s7kim.dpuf
September 5th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened higher today, ahead of the interest rate decisions from the ECB and the BoE, due later in the day. Investors speculated that central banks might reinforce their forward guidance on their policy amid signs that US Fed might start unwinding its bond-buying. However, Syrian concerns continued to weigh on sentiment. Closer home, investors’ eye US economic data, including reports on weekly jobless claims, monthly factory orders and service sector activity, due out later in the day, for hints on the timing for Fed’s QE tapering. – See more at: http://www.etxcapital.co.uk/news/markets-eye-ecb-boe#sthash.j76s7kim.dpuf
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