Spreadex Market Update
Euro stocks continue to point lower
Tesco fell more than 3 percent, leading the FTSE 100 fallers after Europe’s largest retailer posted a sharp drop in profits during the first half of its financial year. The negative earning’s from Tesco pushed down supermarket shares including Sainsbury’s despite reporting improved sales.
US ADP non-farm employment change came in 10,000 below expectations. The figure will be closely watched as investors try second-guessing the all-important non-farm payroll figure on Friday.
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