Spreadex Market Update
European stocks continue to advance
With respectable non-farm payrolls figure on Friday, this has raised concerns the US central bank could soon start trimming its bond buying operations. The continued bond buying program has supported equities and helped them advance to new highs.
The euro rose against the dollar for the first time in three days, recovering from last week’s drop after the currency fell to a two month low. The recovery comes after investors believe the fall was rather excessive after the European Central Bank unexpectedly cut its interest rate to a record-low 0.25% percent.
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