Spreadex Market Update
European markets spurred higher
China’s Factory purchasing managers index fell along with Eurozone PMI.
Loan rates for the weaker Eurozone economies have surged, showing the bloc’s fragmentation as the ECB is losing its grip on borrowing costs throughout the region.
This division in the interest rates in which Eurozone companies can borrow could prove very damaging, further adding to the pressure in which the ECB is under.
ISM Manufacturing PMI in the states this afternoon will be keenly watched, along with construction PMI in the UK.
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