Spreadex Market Update
09.07.12 Monday Morning
European Central Bank President, Mario Draghi, is due to address the European parliament this afternoon where traders and spread betters will once again be tempted to flirt with the possibility that the ECB will announce further stimulus measures to support faltering peripheral Eurozone economies. However, previous experience has shown that traders bracing for a hint of further stimulus are often met with a fruitless response.
House builder Bovis Homes reported a positive start to the first half of this year, with sales prices increasing by 1% compared to last year and an 18% increase in completed homes. This data will prove particularly helpful for investors concerned over the stability of the housing market and even supports the UK coalition government’s policies which have pushed to provide more liquidity to developers as well as the public in an attempt to boost sales.
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