Spreadex Market Update
European stocks have continued to linger in negative territory
European stocks have continued to linger in negative territory during mid-afternoon trading as worse than expected European data released this morning continues to weigh in on stocks. The German Dax has managed to regain the majority of its losses that were seen this morning, currently down around 20 points however significantly better than early morning trading where in Index dramatically sold off just after the open.
Prior to the US open, the futures are showing a slightly negative outlook which follows suit from Europe, however with US Existing Home Sales due out later this afternoon, this could be the catalyst needed to reverse any of today’s losses.
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