Spreadex Market Update

Dow can't sustain its highs



The Dow Jones Index has failed to sustain levels above 13000 for the third time this week despite an improving employment picture, a housing market that is gradually gaining momentum and upbeat consumer confidence.

This was always likely to be a psychological barrier that could provide resistance and investors and traders alike will be watching for a firm break through this level to hopefully pave the way for further advances.

 

Further signs of a strengthening US economy and controlled inflation, evidence of a soft landing in China and an absence of additional sovereign downgrades from credit rating agencies are all factors that could potentially drive markets forward now the wheels for Greece’s debt deal are in motion.

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