Tuesday, 15 April 2014

European Equities Falter Despite Wall Street's Late Rally

Equities in Europe erase opening gains to trade firmly in the red, shaking off the rebound on Wall Street and Asian markets overnight. Better earnings out Citigroup and healthy US retail sales data helped to distract investors from persistent worries over bloated tech valuations over in the states. Here in Europe, markets are showing apprehension instead amid upcoming economic and corporate data together with to persistent worries about the Ukraine crisis.

German ZEW survey will be in sharp focus following the recent run in damp German data while later in the US, the empire state manufacturing release will steal the spotlight. We also have earnings from Johnson & Johnson, Coca-Cola, Intel and Yahoo. On Wall Street Monday, the S&P500 rose 0.8% while in Asia, Japan’s Nikkei 225 index added around 0.8% too, ending a seven-day slump.

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