Spreadex Market Update
Euro markets open cautiously
Investors’ optimism was also lifted by positive data from China which showed China’s service sector grew at its fastest pace since August.
However, it’s possible that investors are using the recent spell of positive data from the US and China as an excuse to ignore other global economic problems, including the Eurozone debt crisis.
Thus, the true test for optimism will be whether the markets can sustain the recent highs in the face of a potential string of poor data from the Eurozone. If such optimism fails to stand the test of time, investors could find themselves swimming in a ‘sea of volatility.
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