Spreadex Market Update

Euro stocks set to start the week higher



European stocks are set to start the week slightly higher following a successful session overnight in Asia. A Japanese election which took place over the weekend saw Prime Minister Shinzo Abe winning the majority in the upper house election. The widely expected victory will make it easier for Abe to push through economic reform to help tackle high deflation in Japan.

This week we will see nearly a third of S&P 500 companies report their earnings, setting up a bumpy ride for stocks. The majority reporting are those companies in the industrial sector which could weigh down markets as many price in a slowing sector.

Existing home sales figures due at 15:00 BST are expected to climb in June to the highest level since November 2009; showing residential real estate is becoming a mainstay of US economic growth

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