European markets have opened mostly in the red, as today’s weaker-than-expected Chinese annual inflation data along with yesterday’s dismal economic data out of Europe intensified concerns over the health of the global economy.
Closer home, traders await the UK jobs report which is widely expected to show an improvement in the nation’s labour market. Additionally, a speech by the European Central Bank President, Mario Draghi, along with US retail sales data will keep traders on their toes.
European markets have opened mostly in the red, as today’s weaker-than-expected Chinese annual inflation data along with yesterday’s dismal economic data out of Europe intensified concerns over the health of the global economy.
Closer home, traders await the UK jobs report which is widely expected to show an improvement in the nation’s labour market. Additionally, a speech by the European Central Bank President, Mario Draghi, along with US retail sales data will keep traders on their toes.
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