Spreadex Market Update
Greek concerns linger
Furthermore, since US equity markets are closed tomorrow owing to Thanksgiving Day, volumes are proving thin as investors are opting to start their holidays a day early with little in the way of encouraging much risk-on behaviour.
Despite the concerns over Greece’s debt, investors are generally taking today’s announcement within their strive and opting not to panic over the fact that the nation’s lenders have not yet agreed a sustainable repayment plan.
Although one could argue the lack of panic is due to the fact that another meeting between Greece’s international lenders has been scheduled for six days’ time.
Perhaps another perspective would point out that politicians are now more cautious about how uncertainty brings volatility into the markets.
Thus, investors have probably now realised that if disagreements between Greece’s lenders gets out of hand, officials are likely to step in and prevent uncertainty from wreaking havoc within the markets.
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