Spreadex Market Update

Largely uneventful week draws to close



It has been a relatively uneventful week although we saw an equity rally on Monday triggered by comments by Federal Reserve Chairman Ben Bernanke that implied further monetary easing could be back on the table if the economy failed to continue its recent growth.

The rally ran out of steam after Bernanke's concerns about the level of unemployment began to set into investors minds and seemed to dampen the optimism around possible further stimulus.

Although the jobless rate has improved over the past few months there are many who believe the state of the jobs market is still fragile and a long way off from the strength we saw prior to the credit crunch.

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