Markets Higher; PMIs and Eurozone Consumer Confidence Data In Focus
August 21, 2014 5:14 am
European markets have opened on a firmer footing today, mirroring yesterday’s gains on Wall Street.
Closer home, market participants await UK public finances data along with a report on retail sales which is widely expected to show that retail sales increased at a faster monthly pace in July. Additionally, traders will keep a tab on Markit PMI figures from major European economies and Eurozone consumer confidence data for further cues. Across the Atlantic, updates from the Jackson Hole Symposium and US weekly jobless claims, existing home sales and manufacturing PMI data will also be eyed.
European markets have opened on a firmer footing today, mirroring yesterday’s gains on Wall Street.
Closer home, market participants await UK public finances data along with a report on retail sales which is widely expected to show that retail sales increased at a faster monthly pace in July. Additionally, traders will keep a tab on Markit PMI figures from major European economies and Eurozone consumer confidence data for further cues. Across the Atlantic, updates from the Jackson Hole Symposium and US weekly jobless claims, existing home sales and manufacturing PMI data will also be eyed.
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