European markets have opened lower today, after the IMF slashed its global economic growth forecasts, and warned that the ongoing US political deadlock might hurt global economy. However, losses were slightly kept in check amid news that President Obama will nominate the dovish Janet Yellen as next Fed’s Chairman.
Closer home, investors awaited a slew of regional economic data including industrial production, manufacturing production and trade balance data, due later in the day, to determine the strength in nation’s economic growth.
European markets have opened lower today, after the IMF slashed its global economic growth forecasts, and warned that the ongoing US political deadlock might hurt global economy. However, losses were slightly kept in check amid news that President Obama will nominate the dovish Janet Yellen as next Fed’s Chairman.
Closer home, investors awaited a slew of regional economic data including industrial production, manufacturing production and trade balance data, due later in the day, to determine the strength in nation’s economic growth.
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