ETX Capital Daily Market Bite, 6th September 2013: European Markets Cautiously Await US Jobs Report
September 6, 2013 8:06 am
September 6th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened slightly higher this morning, as investors opted to remain on the sidelines ahead of the US Labour Department’s much-anticipated monthly employment report, which could determine when the US Federal Reserve starts tapering its bond-buying programme. Meanwhile, Halifax reported that UK house prices rose 0.4% in August, less than the market expectation of 0.7% increase and compared to a 0.9% rise in the previous month. Closer home, investors are expected to pay close attention to the release of UK industrial production, consumer inflation expectations, trade balance and NIESR GDP estimate data to gauge the health of the UK economy. – See more at: http://www.etxcapital.co.uk/news/markets-eye-us-jobs-data#sthash.vM1s3bG7.dpuf
September 6th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened slightly higher this morning, as investors opted to remain on the sidelines ahead of the US Labour Department’s much-anticipated monthly employment report, which could determine when the US Federal Reserve starts tapering its bond-buying programme. Meanwhile, Halifax reported that UK house prices rose 0.4% in August, less than the market expectation of 0.7% increase and compared to a 0.9% rise in the previous month. Closer home, investors are expected to pay close attention to the release of UK industrial production, consumer inflation expectations, trade balance and NIESR GDP estimate data to gauge the health of the UK economy. – See more at: http://www.etxcapital.co.uk/news/markets-eye-us-jobs-data#sthash.vM1s3bG7.dpuf
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