European markets have opened higher today, rebounding from yesterday’s sharp losses following renewed US stimulus cut fears. Investors await the release of US economic data, later in the week, to get further clues about the timing of a reduction in the US Federal Reserve’s bond-buying programme.
Closer home, the British Retail Consortium (BRC) reported that, on an annual basis, the shop price index in the UK dropped 0.3% in November, compared to a 0.5% fall in the previous month. Additionally, Eurozone GDP, retail sales and services PMI data would also remain on investors’ radar to get further direction.
European markets have opened higher today, rebounding from yesterday’s sharp losses following renewed US stimulus cut fears. Investors await the release of US economic data, later in the week, to get further clues about the timing of a reduction in the US Federal Reserve’s bond-buying programme.
Closer home, the British Retail Consortium (BRC) reported that, on an annual basis, the shop price index in the UK dropped 0.3% in November, compared to a 0.5% fall in the previous month. Additionally, Eurozone GDP, retail sales and services PMI data would also remain on investors’ radar to get further direction.
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