European markets have opened in the green today, shrugging off weak Asian cues and embracing some upbeat earnings updates from Bayerische Motoren Werke AG and other blue-chip European companies.
Meanwhile, the NIESR indicated that it expects the UK economy to grow 3% in 2014, an upward revision from the previous growth estimate of 2.9%. Later today, market participants await UK Markit services PMI data which is expected to show a marginal improvement in July. Additionally, traders will look forward to Eurozone retail sales and services PMI across Europe and the US for further direction.
European markets have opened in the green today, shrugging off weak Asian cues and embracing some upbeat earnings updates from Bayerische Motoren Werke AG and other blue-chip European companies.
Meanwhile, the NIESR indicated that it expects the UK economy to grow 3% in 2014, an upward revision from the previous growth estimate of 2.9%. Later today, market participants await UK Markit services PMI data which is expected to show a marginal improvement in July. Additionally, traders will look forward to Eurozone retail sales and services PMI across Europe and the US for further direction.
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