Spreadex Market Update
European shares open firmly
Nevertheless, gains were supported by news reports that China’s central bank will officially anounce more measures to support the Chinese economy. Thus, optimism within the markets is being given another lifeline to, at least temporarily, deflect investor’s focus away from the dire state of the global economy.
The Eurozone is also back on the agenda today. Aside from a landmark visit from the German Chancellor to Greece today, the first time since the Eurozone debt crsis began, the markets will also be focusing on the ECOFIN meeting today. Investors will hope for some news regarding the progress of solving the Eurozone debt crisis. However, in reality, investors are probably going to be holding out for a lot longer before a solution can be found.
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