Spreadex Market Update
Euro markets open cautiously
In addition, the potentially market moving payroll data from the US is due this Friday which tends to underpin sentiment even in the most optimistic of markets. Thus, over the next few days control of the markets could swing quite sharply as investors could find themselves wrestling with a combination of events which may dictate sentiment.
Investors should also be wary of the fact that Cyprus is due to complete their bailout agreement this week. Although officials have been more lenient with their terms than initially expected, the markets would clearly be concerned if they are presented with a bailout agreement which fails to impose a significant amount austerity.
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