Spreadex Market Update

Soft landing seems more likely



The chances of a “soft landing” in China seemed more likely yesterday, pushing Eurozone doubts to one side much to Euro ministers relief.

The Euro strengthened against the Dollar and European debt yields fell giving some much needed respite to the debt stricken countries within the Eurozone.

Successful auctions for both Spanish and EFSF debt also spurred confidence, however China's economy grew at its slowest pace for 2 and a half years in Q4 2011.

With the Chinese economy becoming ever more important, especially as countries are relying on Chinese demand for their own growth, any sign of their economy faltering will be taken very seriously.

The World Bank warned India & China this morning to expect a global slowdown.

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