Spreadex Market Update
Nikkei breaks 10,000 for the first time in eight months
European futures can be seen to extend yesterday’s gains, too.
Both the FTSE 100 and Dax are higher than their respective closing levels, trading at 5,952 and 7,671 currently.
The indication is that equities will likely open higher or unchanged.
Sentiment in the market has been consistent with adding risk, as high beta sectors such as financials and insurers continue to outperform into the year’s end.
Barclays, being just one heavily traded large-cap financial, has added almost 80% since the end of July. And where those profits land in the New Year is the latest puzzle for investors to contemplate.
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