Potential US Air Strikes In Iraq Weigh On Market Sentiment
August 8, 2014 5:21 am
European markets have opened in negative territory today, as geopolitical tensions escalated after the US President, Barack Obama, authorised the US military to conduct targeted air strikes in Iraq.
Closer home, traders will eye trade balance and construction output data due later today for further direction. Meanwhile, data indicated that the German trade surplus narrowed in June, with imports rising faster than exports. With a light US economic calendar today, traders will closely track further developments in Ukraine and Iraq to gauge risk appetite.
European markets have opened in negative territory today, as geopolitical tensions escalated after the US President, Barack Obama, authorised the US military to conduct targeted air strikes in Iraq.
Closer home, traders will eye trade balance and construction output data due later today for further direction. Meanwhile, data indicated that the German trade surplus narrowed in June, with imports rising faster than exports. With a light US economic calendar today, traders will closely track further developments in Ukraine and Iraq to gauge risk appetite.
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