Spreadex Market Update

Markets stabilise



After an initial sharp reaction to the bleak UK GDP this morning the markets seem to have stabilised as much of the headline figure will have already been priced in as the deteriorating economies in Europe were always going to have a significant impact on the UK through loss of trade.

The sell-off this morning was overshadowed yet again by impressive US earnings including Apple and Boeing but as investors obviously welcome companies beating analyst estimates it is worth noting that the bar was set considerably low and that the real focus should probably be on earnings growth.

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