European markets have opened sharply in negative territory today, tracking losses in Asian and US equity markets, triggered by reports indicating that Russia expanded its military base on the eastern Ukraine border and as the Russian President, Vladimir Putin, sought measures to retaliate to EU and US sanctions.
Closer home, data from Halifax indicated that house prices in the UK rose more than expected in July. Later today, traders will track the UK NIESR GDP estimate report along with UK manufacturing and industrial production data which is likely to show a rebound on a month-on-month basis in June.
European markets have opened sharply in negative territory today, tracking losses in Asian and US equity markets, triggered by reports indicating that Russia expanded its military base on the eastern Ukraine border and as the Russian President, Vladimir Putin, sought measures to retaliate to EU and US sanctions.
Closer home, data from Halifax indicated that house prices in the UK rose more than expected in July. Later today, traders will track the UK NIESR GDP estimate report along with UK manufacturing and industrial production data which is likely to show a rebound on a month-on-month basis in June.
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