Spreadex Market Update
Another tentative open for Euro Markets
Despite the tentative open, European markets are still generally positive owing to overnight announcements by the Bank of Japan that it aims to increase the nation’s money supply in order to boost growth. Thus, such news from the world’s third-largest economy is clearly compensating for yesterday’s poor figures and could even compensate if tomorrow’s crucial jobs data from the US also falls below expectations.
Investors will also be focusing on a key European Central Bank meeting today and specifically a decision regarding interest rates. Although most economists are expecting policy officials to keep rates on hold, it seems more and more likely that this a now a short-term view and in the long-term many are bracing for a cut.
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