Spreadex Market Update

Euro markets trade a touch higher



European markets continue to trade a touch higher heading into the afternoon as investors digest a string of corporate earnings.

Meanwhile, IAG leads the FTSE 100 as top gainer after UBS upgraded the stock to buy from neutral.

US futures are indicating a quiet open as investors digest recent results from Wells Fargo.

Wells Fargo reported slightly better than expected earnings with an EPS of 0.91 vs 0.89.

Figures at 13:30 showed the US trade deficit unexpectedly widened in November as companies stocked up on imported goods.

Commodities maintained their negative stance after better Chinese inflation worried investors that officials may not introduce any new stimulus measures.

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