Spreadex Market Update
European indices are little changed after a lifeless start
European indices are trading little changed after a lifeless start to the week with all headline equity gauges trading within a tight range. This comes following last weeks renewed demand for equities on the back of encouraging U.S data with the Stoxx Europe 600 index trading at a 6-year high. While there are a number of investors who feel equities are overvalued and predict some sort of correction in the near future, the strong U.S data coupled with the World Bank raising its global growth forecast have kept the bears at bay.
According to research done at the Bank of England, central banks will be able to unwind unprecedented bond purchases without causing any considerable damage to the economy. This is as long as market conditions have returned to pre-crisis levels.
This comes after last month’s announcement from BoE Governor Mark Carney that Britain had come to the end of its 375 billion pounds quantitative easing programme, provided there aren’t any additional issues along the way. Minutes from the Bank's latest policy meeting will be released on Wednesday and offer the Bank a chance to tweak its message to the markets.
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