European markets have opened higher today, ahead of earnings updates from some major European companies, and amid rising expectations that the ECB could cut interest rates further when it meets tomorrow to quell deflation concerns.
Closer home, the BRC indicated that the UK shop price index declined for the sixth consecutive month in October. Meanwhile, Halifax reported that house prices in the UK rose 0.7% MoM in October, compared to a revised 0.4% increase in the previous month. Further, investors await the release of UK industrial and manufacturing production data, due later in the day.
European markets have opened higher today, ahead of earnings updates from some major European companies, and amid rising expectations that the ECB could cut interest rates further when it meets tomorrow to quell deflation concerns.
Closer home, the BRC indicated that the UK shop price index declined for the sixth consecutive month in October. Meanwhile, Halifax reported that house prices in the UK rose 0.7% MoM in October, compared to a revised 0.4% increase in the previous month. Further, investors await the release of UK industrial and manufacturing production data, due later in the day.
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