PMI Data from Eurozone Comes in Stronger Today was a light day on the economic calendar but on such a day, the PMI data from the Eurozone was the dominating factor. The data came in stronger than expected and this raised the concern of tapering once again. While it was a matter of concern for … Continue reading Market Snapshot – Slow and Ranging Day
After falling for two consecutive trading weeks, the S&P 500 started this week on a mixed note. It stayed range bound on Monday and staged a brief recovery.
Wall Street’s gains were substantial on Tuesday, but traders remain cautious. New Home Sales will come from the States today. Tomorrow the Jackson Hole Symposium will get underway and impact the broad markets. NASDAQ and Fragile Sentiment, Central Bankers Awaited On New Home Sales will headline U.S data today. But tomorrow’s Jackson Hole Symposium looms large … Continue reading Jackson Hole Summit Begins to Loom Large for Investors, US Futures Point to Lower Open