Spreadex Market Update
Global plunge continues into the afternoon
On a lighter note, figures have shown British construction activity unexpectedly picked up more than expected in January, reaching its highest level since the financial crisis. The Purchasing Managers Index showed an increase to 64.6, much better than the 61.6 expected. US futures are indicating a higher open, rebounding from their largest loses since June. Yum Brands and Michael Kors Holdings traded higher before the open after reporting better than expected earnings.
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