Spreadex Market Update
Asian stocks edge higher
Meanwhile the Euro remains under pressure following yesterday’s ECB Press Conference after Mario Draghi warned the recent appreciation of the Euro could damp inflation and the possibility of further interest-rate cuts. The Euro trades near a 2-week low, posed for its biggest five-day drop in seven months.
A vote from the Bank of England yesterday showed they will reinvest government bond holdings and promise to provide more stimulus if needed to help boost a slow recovering economy. Mark Carney, the next governor of the BOE mentioned that keeping monetary stimulus unchanged for a set period would be beneficial to help restore confidence among firms and households.
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