Spreadex Market Update

Euro markets steady



European markets have been steady during today’s session with the FTSE 100 trading within a 30 point range bound. This comes following global stocks rising to a four month high after improved U.S. service-industry data drove the Dow Jones Industrial Average to a record.

European stock markets rose to their highest since the 2008 financial crisis. Signs that the U.S. economy is improving and expectations of more pledges of support for growth from major central banks are supporting the rally.

The European Central Bank, the Bank of England and the Bank of Japan are all expected to stick to ultra-easy monetary policy at meetings this week, following on from reassurances by U.S. Federal Reserve officials that their stimulus programme remains in place.

The European Union fined Microsoft Corp 561 million euros on Wednesday for failing to offer consumers a choice of web browser. The U.S. company had broken a legally binding commitment made in 2009 to ensure consumers had a choice of browser, rather than defaulting to Microsoft's Internet Explorer.

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