European markets have opened higher today, after several US Federal Reserve officials signalled overnight that the US central bank is in no rush to cut its programme of bond purchases, and amid expectations that the European and UK central banks would continue with their accommodative monetary policies.
Closer home, the British Retail Consortium (BRC) reported that retail sales in the UK rose 0.8% YoY in October, following a 0.7% improvement reported in September. Investors await the release of UK services PMI data, due later today, which is widely expected to decline to 59.8 in October from 60.3 in September.
European markets have opened higher today, after several US Federal Reserve officials signalled overnight that the US central bank is in no rush to cut its programme of bond purchases, and amid expectations that the European and UK central banks would continue with their accommodative monetary policies.
Closer home, the British Retail Consortium (BRC) reported that retail sales in the UK rose 0.8% YoY in October, following a 0.7% improvement reported in September. Investors await the release of UK services PMI data, due later today, which is widely expected to decline to 59.8 in October from 60.3 in September.
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