ETX Daily Market Bite, 8th May 2014: Markets Higher on Chinese Trade Data.
May 8, 2014 7:26 am
European markets have opened in the green today, following robust Chinese trade data and dovish comments from the US Federal Reserve Chief, Janet Yellen. Additionally, easing tensions in Ukraine supported risk sentiment. Closer home, Halifax reported that house prices in the UK dropped unexpectedly by 0.2% MoM in April, compared to a revised 1.2% fall posted in the previous month. Later, investors are expected to keep a close eye on the Bank of England’s and the European Central Bank’s monetary policy decisions due later today.
European markets have opened in the green today, following robust Chinese trade data and dovish comments from the US Federal Reserve Chief, Janet Yellen. Additionally, easing tensions in Ukraine supported risk sentiment. Closer home, Halifax reported that house prices in the UK dropped unexpectedly by 0.2% MoM in April, compared to a revised 1.2% fall posted in the previous month. Later, investors are expected to keep a close eye on the Bank of England’s and the European Central Bank’s monetary policy decisions due later today.
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