Spreadex Market Update

US growth expected



European markets signal a higher open for equities after comments from Federal Reserve official Charles Evans mentioned the US economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014.

Asian markets maintained their positive stance overnight with Hong Kong stocks hitting a 52-week-high, led by financials and property stocks.

With little economic data scheduled today and with the majority of US banks reporting this week, all eyes will focus on the likes of Goldman Sachs and JP Morgan reporting on Wednesday, with Bank of America, Citigroup and Morgan Stanley finishing of the week.

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