US losing steam, BOJ not stepping off from gas, Europe’s GDP data and Greece debt relief payment in focus
Europe up despite US losing steam
European stock markets are trading higher on the first trading day of the week and this is despite the fact that the US markets may be losing their steam. The US markets shuddered their winning streak last week when the indices closed in a negative territory for the first time during the past 6 weeks. This could be down to the fact that the investors are apprehensive about the Fed’s tapering program and the uncertainty about the timing of this tapering. Given the string of a positive economic data, it may be safe to say that there is little hope of Fed’s keep their taps running of their ultra loose monetary policy.