Spreadex Market Update
Euro markets range bound this morning
In addition, results from the HSBC Emerging Markets survey which found that business activity within emerging economies contracted for the first time in over four years disappointed investors. Economists are constantly highlighting the strength of emerging markets as a sign that the global economy is recovering. Arguably the results of the survey emphasize the consequences of fluctuating demand from developed nations and the detrimental effects this is having on manufacturing led nations.
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