Spreadex Market Update
Global markets have managed to edge slightly higher
Global markets have managed to edge slightly higher during early afternoon trading, clawing back some of the losses than occurred this morning. The German Dax is now trading relatively flat, bouncing back after falling through the 9000 level earlier. US futures have also swung into positive territory after investors digested the news that the US government has authorised air strikes in Iraq.
With an extremely bearish week coming to an end, investors will need to keep a close eye on headlines breaking in Iraq over the weekend. No notable pieces of data are due out this afternoon therefore the US open will be the catalyst for further movements.
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