European markets have opened firmer today, tracking gains in Asian markets, after data indicated that China’s GDP grew more than expected in the fourth quarter of 2014. Meanwhile, the IMF, in its World Economic Outlook Update, lowered its global growth forecasts for 2015 and 2016.
Later today, investors will keep a tab on speeches from BoE and ECB officials. Moreover, traders will closely track Eurozone and German ZEW economic sentiment data along with the NAHB housing market index in the US for further direction.
European markets have opened firmer today, tracking gains in Asian markets, after data indicated that China’s GDP grew more than expected in the fourth quarter of 2014. Meanwhile, the IMF, in its World Economic Outlook Update, lowered its global growth forecasts for 2015 and 2016.
Later today, investors will keep a tab on speeches from BoE and ECB officials. Moreover, traders will closely track Eurozone and German ZEW economic sentiment data along with the NAHB housing market index in the US for further direction.
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