Caution Ahead Of Policy Decisions By The ECB And The BoE
September 4, 2014 5:21 am
European markets have opened in negative territory today, as traders await the European Central Bank’s monetary policy outcome and the post-meeting press conference to ascertain whether the ECB would unveil further stimulus measures to boost economic recovery and tackle deflation threats.
Closer home, investors keenly await the Bank of England’s decision over interest rates and its assets purchase facility due later today. Across the Atlantic, US ISM non-manufacturing PMI and ADP employment data will attract market focus. Additionally, traders continue to track developments in Eastern Europe amid hopes of a ceasefire between Ukraine and Russia.
European markets have opened in negative territory today, as traders await the European Central Bank’s monetary policy outcome and the post-meeting press conference to ascertain whether the ECB would unveil further stimulus measures to boost economic recovery and tackle deflation threats.
Closer home, investors keenly await the Bank of England’s decision over interest rates and its assets purchase facility due later today. Across the Atlantic, US ISM non-manufacturing PMI and ADP employment data will attract market focus. Additionally, traders continue to track developments in Eastern Europe amid hopes of a ceasefire between Ukraine and Russia.
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