Spreadex Market Update
Global markets trade positively
However, the cautiousness hanging over the markets today is a reflection of investor’s concerns over the long road ahead in eventually solving the Eurozone debt crisis.
The next bout of optimism could be delivered to the markets by the US FOMC tomorrow in the form of an announcement, or even an indication, of approving the holy grail of stimulus measures; quantitative easing.
With last week’s poor nonfarm payroll number, combined with US Fed Chairman Ben Bernanke’s previous hint towards another round of QE at Jackson Hole, investors could finally find their hopes for further stimulus measures answered by the FOMC tomorrow.
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