Spreadex Market Update
Spread betters still anxious over eurozone
The summit of European leaders ended with no clear agreement on what to do to restore confidence, with France and Germany showing quite different views.
It is thought that much of the current rally is a reaction to many benchmarks reaching multi month lows.
US unemployment claims decreased by 2000 to 370k today showing sluggish progress for the US Labour market.
Yet sluggish job creation, albeit not the best situation to be in, is far better than it could be when you take into account the state of the global economy at the moment.
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