European markets have opened in the green today, rebounding from heavy losses registered last week, amid news that Portugal’s central bank has agreed to rescue the nation’s largest listed bank, Banco Espirito Santo SA. However, lingering geopolitical tensions in Gaza and Ukraine are expected to keep investors on their toes.
Closer home, traders await UK construction Purchasing Managers’ Index data which is expected to show a drop in July. Additionally, market participants will track Eurozone producer prices and Sentix consumer confidence data for further guidance.
European markets have opened in the green today, rebounding from heavy losses registered last week, amid news that Portugal’s central bank has agreed to rescue the nation’s largest listed bank, Banco Espirito Santo SA. However, lingering geopolitical tensions in Gaza and Ukraine are expected to keep investors on their toes.
Closer home, traders await UK construction Purchasing Managers’ Index data which is expected to show a drop in July. Additionally, market participants will track Eurozone producer prices and Sentix consumer confidence data for further guidance.
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