Spreadex Market Update

European markets opened lower this morning



European markets opened lower this morning as investors refused to commit to long positions amidst a series of economic announcements due today which could have a massive impact on investors’ sentiment.  This morning, traders will have an opportunity to digest a key MCP meeting from the UK which will provide an indication as to whether officials are willing to keep injecting cash into the economy as well as maintain ultra-low interest rates to help boost liquidity and shore up the economy.

 

In addition, later today traders will also have the chance to scrutinise statements by ECB officials regarding the current economic state of the Eurozone as well as any potential further measures which could be implemented to ensure growth rates stay-on-track.

 

In either case, investors will probably not be looking for any paradigm shift in policy officials’ current stimulus measures, but instead they will be looking for any indication by officials that the door to more help will be left open if required. 

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