Spreadex Market Update
Asian shares rallied throughout the night
Asian shares rallied throughout the night, following on from a positive session seen throughout Europe and on Wall Street. With geopolitical tensions having a brief pause, investors took the opportunity to extend gains throughout global markets. Australia’s main index gained around 1.3 percent during its session as better than expected data pouring positive sentiment into the country. National Australia Bank Business Confidence figure came out at 11, up from 8 previously.
Heading into today, European bourses are set to open relatively flat after yesterday’s rally with the FTSE and DAX in line to open down 8 and 4 points respectively. Looking at the economic diary, the only real notable piece of data for today is the German ZEW Economic Sentiment figure due out at 10:00 which is forecasted at 18.2.
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