Spreadex Market Update
Global markets continued to decline
Many traders are also betting that the European Central Bank will announce a further interest rate cut in December and hence the slight support in equities as well as the euro hitting a six-week low. Traders are arguing that a falling inflation rate as well as uncertainties concerning the Eurozone area as a whole is enough of an impetus for policy officials to do more to support struggling nations.
However, there is always the argument that more needs to be done from a structural level as there does come a point where loosening measures to pump more liquidity into the markets only goes so far.
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