Spreadex Market Update
Greek crisis rumbles on
And this year would be no different but for another climactic moment courtesy of the on-going Greek debt crisis.
But markets are closing today’s session with gains, illustrating confidence that a deal will be made after all.
Dollar weakness continued throughout the day together with an equity market determined to extend this year’s current highs.
The risk asset rally is not only acting in sympathy with the belief that Eurozone finance ministers will act to avoid Greece’s default but on signs of strength from elsewhere, too.
If China’s central bank can be seen to manage their cooling economy and the US continues to rebound, equities could still be seen as cheap so long as Europe’s can-kicking resumes.
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