Spreadex Market Update
Euro markets open firmly
However, investors do not seem to be jumping with joy as even such headline figures cannot completely remove the concern that China’s rate of exports are generally seen to be slow. Thus, one month’s worth of positive figures are perhaps an outlier amongst a series of data which indicates that China’s exports market is perhaps still struggling.
Economists are still expecting another range-bound day made worse by low volumes. In addition to the summer holidays, it seems investors are unsure as to how the effects of tapering in the US economy will affect the equity markets. As a results, investors appear to be adopting a ‘wait-and-see strategy’.
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