European markets have opened slightly higher today, as Federal Reserve Bank of Richmond President Jeffrey Lacker’s pro-stimulus comments more than offset concerns about a US political stalemate which might cause the Government to breach the 1 October 2013 fiscal deadline and risk a government shutdown.
Closer home, investors await the final reading of the UK second-quarter GDP data that is expected to be revised to show a 0.7% QoQ expansion, from a previous estimate of 0.6% QoQ expansion and compared to a 0.3% QoQ contraction in the previous quarter.
European markets have opened slightly higher today, as Federal Reserve Bank of Richmond President Jeffrey Lacker’s pro-stimulus comments more than offset concerns about a US political stalemate which might cause the Government to breach the 1 October 2013 fiscal deadline and risk a government shutdown.
Closer home, investors await the final reading of the UK second-quarter GDP data that is expected to be revised to show a 0.7% QoQ expansion, from a previous estimate of 0.6% QoQ expansion and compared to a 0.3% QoQ contraction in the previous quarter.
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