Spreadex Market Update
Concern has started to surface
The budget agreement passed by Congress on Jan. 1 won’t lower the country’s deficit enough to avoid a sovereign-rating downgrade, Moody’s Investors Service said yesterday.
The FTSE 100 has generally been flat in today’s trading session edging slightly lower with miners weighing on the index after it smashed through the 6,000 level for the first time in 17 months in the previous session.
Better than expected ADP Non-Farm Employment Change figures have come out with a forecasted figure of 134k being surpassed by the encouraging figure of 215k.
We have seen some small gains in the market but as of 13:20 the Wall Street Index is still due to open down 16 points.
British construction output contracted at the fastest rate in six months in December, driven by a steep reduction in house building, a survey showed today.
Residential building shrank at the fastest pace since December 2010 when heavy snow disrupted construction.
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