Lower start for European shares this morning
Fiona Cincotta April 18, 2011 6:31 PM
<p>Lower start for European shares this morning as investors assess China’s latest hike in bank-required reserves and also await quarterly earnings. Lingering concerns over indebted […]</p>
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- Lower start for European shares this morning as investors assess China’s latest hike in bank-required reserves and also await quarterly earnings.
- Lingering concerns over indebted Eurozone countries so shares continue to drift lower.
- No UK economic data to be released today, the main focus will be on Wednesday’s release of minutes from the Bank of England’s last policy meeting.
- US housing market is the main focus for macro economic data, with March housing starts and existing home sales results to be released on Tuesday and Wednesday.
- The US corporate earnings season is stepping up a gear, with Citigroup and Eli Lilly releasing Q1 earnings today and Goldman Sachs, Amec, Intel and Johnson & Johnson putting out results as the short week progresses.
- UK corporate announcements include Tesco and Home Retail Group issuing results and BHP Billiton and Anglo American releasing production reports.
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