Spreadex Market Update
All eyes on US non-farm employment change data
A recent spell of positive economic data and the illusion that the Eurozone crisis is beginning to disintegrate seemed to be enough of a catalyst for the Federal Reserve to halt the US’s addiction to further stimulus and inject some autonomy into the US economy.
All eyes will be on the ADP Non-Farm Employment Change data released this afternoon.
Any negative deviation from expectation could set the scene for further global market volatilities as investors realise that the crutch supporting the global economy is slowing being removed.
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