Spreadex Market Update
Trading volumes expected to be down.
Asian stocks suffered a setback last night amid speculation that shares may have risen to an artificially high level. Whilst markets are at highs, some investors have become cautious that too many people have become bullish on stocks. It is important to note that this is not a view taken by all with considerable optimism still surrounding the equity market. Many expect that whilst stocks may be dropping now, this may not necessarily continue.
According to a housing report released this morning, Britons optimism regarding financial prospects in January has risen. Whilst inflation perceptions are the lowest since last summer, still just under a third of households saw their financial situation as deteriorating compared to only 6 percent who saw an improvement.
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