European markets have opened lower today, tracking losses in Asian markets, after a private report indicated a slowdown in China’s service-sector activity growth in December.
Closer home, investors would keep a close eye on economic data which might show that the nation’s services PMI remained unchanged at 60.0 in December from the previous month. Earlier, a media report indicated that Finance Minister George Osborne would reinforce his plans for lower spending to allow for the possibility of tax cuts as the Conservative-led government tries to seize the initiative in a pre-election year.
European markets have opened lower today, tracking losses in Asian markets, after a private report indicated a slowdown in China’s service-sector activity growth in December.
Closer home, investors would keep a close eye on economic data which might show that the nation’s services PMI remained unchanged at 60.0 in December from the previous month. Earlier, a media report indicated that Finance Minister George Osborne would reinforce his plans for lower spending to allow for the possibility of tax cuts as the Conservative-led government tries to seize the initiative in a pre-election year.
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