Spreadex Market Update
Euro markets open tentatively
The rise is disappointing as traders were hoping that policy officials may introduce new measures to help stimulate the Chinese economy.
Cleary rising prices could act as a barrier for officials as there is now the fear that more stimulus measures could cause the current inflation figures to rocket.
Despite this, the markets have not panicked with the potentially troubling inflation data from China as the figures are still below the 3.5% forecast by China.
Thus, such data has not yet derailed the current bout of optimism within the markets but has instead reminded investors that profit-taking is not always a bad thing.
British industrial and manufacturing data for November is also due for release this morning.
Investors will be hoping for a rise in both, especially since October’s data showed a contraction in both. However, if there fails to be a rise in output, investors will probably have another incentive to engage in profit-taking.
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