European markets have opened sharply higher today, after the US Federal Reserve, citing a tightening in financial conditions and tepid pace of economic recovery, surprised investors by maintaining its massive monetary stimulus intact.
Closer home, investors await UK retail sales data, due today, which is expected to reveal that the nation’s retail sales rose 3.3% YoY in August, following a 3.0% increase recorded in the previous month.
European markets have opened sharply higher today, after the US Federal Reserve, citing a tightening in financial conditions and tepid pace of economic recovery, surprised investors by maintaining its massive monetary stimulus intact.
Closer home, investors await UK retail sales data, due today, which is expected to reveal that the nation’s retail sales rose 3.3% YoY in August, following a 3.0% increase recorded in the previous month.
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