European markets have opened slightly higher today, amid bargain hunting following a two-session retreat. However, gains were kept in check as ongoing political debates regarding the US budget added to worries about a possible US government shutdown. Further, investors were also concerned amid increasing uncertainty over Fed’s outlook on its bond purchases.
Closer home, investors await BBA’s mortgage approvals data, to determine the strength in the nation’s economy. Separately, Bank of England’s policymaker Ben Broadbent stated that faster decline in UK unemployment will prompt the central bank to consider withdrawing some of the monetary stimulus.
European markets have opened slightly higher today, amid bargain hunting following a two-session retreat. However, gains were kept in check as ongoing political debates regarding the US budget added to worries about a possible US government shutdown. Further, investors were also concerned amid increasing uncertainty over Fed’s outlook on its bond purchases.
Closer home, investors await BBA’s mortgage approvals data, to determine the strength in the nation’s economy. Separately, Bank of England’s policymaker Ben Broadbent stated that faster decline in UK unemployment will prompt the central bank to consider withdrawing some of the monetary stimulus.
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