Markets Lower; Fed Reassures No Hurry To Hike Interest Rates
July 10, 2014 5:21 am
European markets have opened in negative territory today, ignoring positive leads from Wall Street. Yesterday, the minutes from the US Federal Reserve’s latest policy meeting hinted that policymakers were in no rush to raise interest rates.
Closer home, data from the Royal Institution of Chartered Surveyors indicated that house price growth in the UK eased in June. Later today, market participants will keenly track the Bank of England’s policy decision and UK trade balance data. The ECB monthly report due later today will also attract market attention.
European markets have opened in negative territory today, ignoring positive leads from Wall Street. Yesterday, the minutes from the US Federal Reserve’s latest policy meeting hinted that policymakers were in no rush to raise interest rates.
Closer home, data from the Royal Institution of Chartered Surveyors indicated that house price growth in the UK eased in June. Later today, market participants will keenly track the Bank of England’s policy decision and UK trade balance data. The ECB monthly report due later today will also attract market attention.
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