European markets have opened higher today, as investors interpreted the dovish comments from the US Fed Vice Chairman, Janet Yellen, as an indicator of a prolonged monetary stimulus. Investors also eyed economic growth data from major European countries, due later in the day, to gauge the strength in the region’s economic growth.
Closer home, investors await UK economic data which might show that UK retail sales increased 3.1% YoY in October, compared to a 2.2% rise in September.
European markets have opened higher today, as investors interpreted the dovish comments from the
US Fed Vice Chairman, Janet Yellen, as an indicator of a prolonged monetary stimulus. Investors also eyed economic growth data from major European countries, due later in the day, to gauge the strength in the region’s economic growth.
Closer home, investors await UK economic data which might show that UK retail sales increased 3.1% YoY in October, compared to a 2.2% rise in September.
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