Spreadex Market Update
European markets continue to drag into the red
European markets continue to drag into the red after a string of disappointing corporate updates this morning. US futures remained little changed whilst the S&P is on track for a weekly loss. European bond yields remained fairly choppy, falling to record lows as investor’s prepared for more monetary stimulus from the European central Bank. The euro continued its decline after ECB President Mario Draghi hinted of an imminent move to tackle risk of deflation. Investors have also been positioning themselves for a cut in interest rates next month after the ECB said they will be ready to take action in June.
All eyes will be on Apple shares after it was rumoured they are in talks to buy Dr Dre’s Beats headphones firm for $3.2 billion. If the takeover goes ahead, this will be Apples biggest takeover by a huge margin.
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