Spreadex Market Update
Disappointing figures
We may see more of this see-saw price action along the week as we receive a continuation of poor economic figures and subsequent bargain hunting ahead of the ECB rate announcement on Thursday.
The outcome from the EU Summit last week is probably still underscoring sentiment for buying risk assets although time will tell whether the market becomes impatient with the lack of detail regarding the ‘banking union’ and gradually erases recent gains.
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