Spreadex Market Update
Stocks continue to advance this afternoon
Stocks continue to advance this afternoon on news that inflation still fails to pierce the bubble of cheap money by way of a hike in rates. Inflation was reported falling at a faster rate than expected this month, lending support to the ultra-low interest rate environment for some time to come. Indeed, the Eurozone remains teetering on the precipice of deflation, helping support equities with the anticipation of further easing. The FTSE 100 is trading 40 points higher at 6,780.
On the main market today, we’re seeing investors chase AO World and Ophir Energy higher, both up by more than 7 percent at the close. Today’s losers are BHP Billiton and Amlin.
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