ETX Capital Daily Market Bite, 6th August, 2013; European Markets Flat On US Stimulus Concerns
August 6, 2013 8:54 am
August 6th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened mostly lower this morning, tracking losses on Wall Street and Asian markets, as remarks by Dallas Fed President Richard Fisher sparked concerns over an early scaling back of existing Fed stimulus measures. Closer home, the BRC reported that same store retail sales in the UK rose 2.2% YoY in July, compared to a 1.4% increase in the previous month. Overall retail sales were up 3.9% from a year earlier. Later, investors are expected to keep a close eye on the release of UK house prices, industrial production and NIESR GDP estimate data to get further direction. – See more at: http://www.etxcapital.co.uk/news/markets-lower-on-us-stimulus-concerns#sthash.9MHg3EER.dpuf
August 6th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist
European markets have opened mostly lower this morning, tracking losses on Wall Street and Asian markets, as remarks by Dallas Fed President Richard Fisher sparked concerns over an early scaling back of existing Fed stimulus measures. Closer home, the BRC reported that same store retail sales in the UK rose 2.2% YoY in July, compared to a 1.4% increase in the previous month. Overall retail sales were up 3.9% from a year earlier. Later, investors are expected to keep a close eye on the release of UK house prices, industrial production and NIESR GDP estimate data to get further direction. – See more at: http://www.etxcapital.co.uk/news/markets-lower-on-us-stimulus-concerns#sthash.9MHg3EER.dpuf
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