Spreadex Market Update

Markets trade higher



Markets traded higher in this afternoon's session despite worse than expected US unemployment claims as investors are encouraged by Chinese data showing that the Chinese economy is growing largely in line with market expectations.

China, one of the few global economies still experiencing strong growth is very much viewed as one of the engines to keep global demand high.

Good news in Asia along with various asset purchasing programmes from various central banks has helped keep markets higher recently.

PPI claims still seem to be haunting banks, with Barclays setting aside a further £700m to refund customers who were mis-sold it.

The shareprice as a result took a hit this afternoon, dropping 1.5%.

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