Spreadex Market Update
Global markets continue to rally
Although the calamity of today’s data cannot arguably be accredited to the US alone. Manufacturing data from China today came in worse than expected as did manufacturing data from the UK.
Thus, today’s rally could be attributed to investors hopeful that a string of poor data will encourage policy officials to continue to remain flexible over their measures to help stimulate. Yet such investors should always be wary that any ambiguous statements by policy officials which hint that stimulus measures may be drawing to an end, could remind investors that the global economic environment is still unstable.
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