Spreadex Market Update
08.10.12 Monday Morning
Angela Merkel is facing opposition to her Eurozone rescue plans as Eurosceptics gather in preparation for next year’s general election. Although opposition seems to be growing against Merkel, her popularity still remains high with the public which provides some relief to other Euro ministers. The world economy is threatened by another global recession according to the Brookings Institution – Financial Times tracking Index, despite central banks best efforts to keep it in line. Economic data and various confidence indicators have declined recently which isn’t helping market sentiment. However Financial markets are remaining relatively strong.
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