Spreadex Market Update
Markets trade slightly higher
Slightly better unemployment claims in the US also helped sentiment, however the US GDP figures disappointed at 1.3% and US durable goods orders fell the most since 2009.
Despite this, Europe is still on centre stage as Spain and Greece discus austerity, with Greece’s €13.5Bn austerity package is awaiting review from the countries creditors.
Markets will be in a state of limbo at the moment until Spains immediate future is on more stable ground. With riots and uncertainty as to whether a bailout will be given, risk off trade will continue to persist.
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