Spreadex Market Update

Greece secure debt deal



Greece have secured their €206Bn debt deal with final approval to be made by Eurozone finance ministers later today. After quite a rollercoaster ride, it looks like Greece has finally done it, allowing €100Bn to be wiped off of their national debt, allowing Europe to avoid what could have been a disorderly default in which the costs do not bare thinking about.

Away from Europe Chinese inflation dropped to 3.2%, suggesting the stubbornly high inflation in which China has been subject to has now come under control.

Non-Farm Payrolls in the states this afternoon will be keenly watched. With the US economy performing relatively well in recent months investors will be looking for a positive number to further prove that the US economy is firmly getting back on track.

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