Spreadex Market Update
Euro shares open tentatively
Arguably, the biggest factor influencing investors’ sentiment at present is US policy makers’ ability to avoid the fiscal cliff.
Consequently, a stalemate in negotiations is resulting in investors deciding to shy away from risk-on assets this morning.
Nevertheless, there is still a string of global economic data due today which could sway sentiment. The first of which comes from monthly retail sales from the UK due this morning.
However, once again, investors will turn their attention back to the US where final GDP data as well as monthly home sales data are due later today.
Thus, if the markets are faced with a barrage of poor global economic data partnered with another day where negotiations from US policy officials fail to make any progress, investors could quickly find that pessimism remains the prevailing sentiment in the build up to Christmas.
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