Spreadex Market Update
Euro headliners open tentatively
Thus, investor’s patience is clearly nearing the end of its tether as Monday’s meeting will be the third meeting between Greece and its lenders amidst trying to establish a manageable repayment plan.
Consequently, a lack of agreement on Monday could prove ‘three strikes and you’re out’ for investor’s tolerance regarding Greece’s negotiations with its international lenders.
Despite this, the markets have actually been provided with some encouraging news over the last few days which could signal global growth is potentially back on track.
Investors have been gifted with better than expected manufacturing data from China, the Israel-Gaza truce which is helping to control rising oil prices as well as reports that the US will avoid the detriments of the fiscal cliff.
Hence, such news is paving the way for European shares to be on path for their best week in 10 months.
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