Spreadex Market Update
Asian stock indices catch a marginal bid
The overnight session saw Asian stock indices catch a marginal bid into the end of week, as sentiment maintained. The MSCI Asia Pacific Index traded 0.1 percent higher, capping one of its best weekly gains since March. Indeed, this week is a powerful answer to the question of whether equity markets had run too far and were still vulnerable. Investors still have confidence, but are now more price sensitive as capital becomes less cheap.
Gold is once again relatively unchanged, trading at $1,314 for December delivery. Sterling, too, is stable against the dollar, down less than 0.1 percent. The FTSE 100 is set to open 13 points higher at 6,695.
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