Spreadex Market Update
Stirling surges to a two-month high
Spanish unemployment climbed to the highest in 37 years as efforts to tackle the European Union’s biggest budget deficit crumpled growth. The number of jobless increased to more than 6 million, climbing to 27.2 percent. The Ibex remained lower, down 60 points at 8320.
The earnings season remains relatively positive, with 68.4 percent of S&P 500 companies reporting results above expectations. ExxonMobil Corp, the largest US Company by market capitalization, beat Wall Street estimates, reporting EPS of 2.12 versus 2.04 expected.
WTI Crude traded near its highest closing level in two weeks amid signs of stronger gasoline demand.
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