Markets are dipping lower as traders await data on August retail sales and initial jobless claims, both of which could act as key cues on the Federal Reserve’s plan to taper stimulus. The dollar and treasuries have been seen gains today.
The S&Ps are moving lower today after having such a big jump yesterday. Of some of the trends we’re seeing, Casino stocks with operations in Macau, China are seeing losses amid the government’s tightening grip on the gambling hub. Miners have also traded lower as a result of declines in iron ore and most base metals.
Over in Europe, travel and leisure shares had the biggest gains in the Stoxx600 after Ryanair lifted its growth target. Energy is also moving higher as a result of crude oil fluctuations near a six week high.
Tune in to hear what's moving Thursday's market and where to trade to end up in green.
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