Spreadex Market Update
Global gains
Such gains are an indication of approval from investors towards the Greek government’s pledge towards austerity.
However, such sluggish gains are also an indication of uncertainty in the road ahead.
US Stocks opened tentatively on Monday as the steam from last Friday’s thunderous finish to trading began to lose momentum as opportunistic investors cashed in on profits from Friday’s surge.
US Federal Reserve Chairman Ben Bernanke’s speech also failed to excite any investor sentiment.
Bernanke refrained from alluding to any form of economic stimulus and once again stuck with describing the glitches in the road to a US recovery.
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