Spreadex Market Update
Global markets remain range bound
Furthermore, with the uncertainties regarding the fiscal cliff as well as the global economic environment plaguing sentiment during the fourth-quarter, it seems wise that investors are bracing for another poor quarter for earnings.
Problems within the Eurozone are also rearing their ugly head again today as data showed unemployment within the Eurozone hit a record high at 11.8%.
Although this is a small increase from the previous figure of 11.7%, the rise is arguably an indication that problems within the Eurozone are likely to get worse before they get better.
Clearly such debt ridden nations like Spain who reported the highest Eurozone unemployment rate at 26.6%, are not doing the Eurozone any favours.
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