European markets have opened higher today, recouping losses of the previous session as investors’ sentiment was lifted after the Chinese central bank took action in the money market to ease the nation’s cash squeeze.
Closer home, Sky News reported that the IMF is on the verge of upgrading its projection for UK growth in 2014 from 1.9% to 2.4%. Further, investors also awaited outcome of the Confederation of British Industry (CBI) latest industrial trends survey due today to gauge the market direction.
European markets have opened higher today, recouping losses of the previous session as investors’ sentiment was lifted after the Chinese central bank took action in the money market to ease the nation’s cash squeeze.
Closer home, Sky News reported that the IMF is on the verge of upgrading its projection for UK growth in 2014 from 1.9% to 2.4%. Further, investors also awaited outcome of the Confederation of British Industry (CBI) latest industrial trends survey due today to gauge the market direction.
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