European markets have opened in the red today, tracking overnight losses on Wall Street. Yesterday, the US Federal Reserve took an upbeat view on the US economy and reiterated its previous pledge to remain patient in raising interest rates.
Closer home, data from Nationwide indicated that UK house price growth slowed on an annual basis for a fifth month in a row in January. Later today, Eurozone consumer confidence along with German consumer prices and unemployment data will garner market attention. Across the Atlantic, traders will keep a tab on US weekly jobless claims and pending home sales data for further direction.
European markets have opened in the red today, tracking overnight losses on Wall Street. Yesterday, the US Federal Reserve took an upbeat view on the US economy and reiterated its previous pledge to remain patient in raising interest rates.
Closer home, data from Nationwide indicated that UK house price growth slowed on an annual basis for a fifth month in a row in January. Later today, Eurozone consumer confidence along with German consumer prices and unemployment data will garner market attention. Across the Atlantic, traders will keep a tab on US weekly jobless claims and pending home sales data for further direction.
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