ETX Capital Daily Market Bite, 7th January 2014: European Markets Pick Up But Uneasy Before Data
January 7, 2014 9:09 am
January 7th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened mostly higher today, as investors grew optimistic after data suggested improvement in the performance of UK businesses and an increase in German retail sales. Further, the confirmation of dovish Janet Yellen as the next Fed Chairman also buoyed market sentiment. Closer home, the British Chambers of Commerce (BCC), in its quarterly economic survey, indicated that the overall economy grew by around 0.9% in the fourth-quarter period, faster than 0.8% reported in the third-quarter. – See more at: http://www.etxcapital.co.uk/news/markets-higher-on-data-yellen#sthash.9uftvxcm.dpuf
January 7th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist.
European markets have opened mostly higher today, as investors grew optimistic after data suggested improvement in the performance of UK businesses and an increase in German retail sales. Further, the confirmation of dovish Janet Yellen as the next Fed Chairman also buoyed market sentiment. Closer home, the British Chambers of Commerce (BCC), in its quarterly economic survey, indicated that the overall economy grew by around 0.9% in the fourth-quarter period, faster than 0.8% reported in the third-quarter. – See more at: http://www.etxcapital.co.uk/news/markets-higher-on-data-yellen#sthash.9uftvxcm.dpuf
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