Spreadex Market Update

Investors waiting for results of Greek elections



It definitely feels as though we are plodding along as many traders and investors watch from the sidelines until we know the result of the Greek elections next week.

With the outcome hanging on a knifes edge the markets are far away from pricing in either a Greek survival in, or exit from, the Euro, meaning there could be a huge move after the election is complete.

Spain and Italy’s borrowing costs continue to edge higher which does not bode well for a potential forthcoming Greek exit as such a scenario could push their troubled finances beyond repair.

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