Spreadex Market Update
Euro equities take a positive lurch
The market has been in pause mode for the majority of this week, in spite of the shocking US Q4 GDP figure that on immediate release looked as if it could have wiped a few per cent from international equity benchmarks. In reality, buyers picked up any slack, and the day’s close was within sight of all-time, non-adjusted highs. The market appeared not to be too concerned.
The outlook for the non-farm number is currently positive, as supported by the weakness in bonds and strength in stocks; Dow futures are up 66 points from the 16.15 close in New York. Today is critical for any investors still unsure about this year being sold as a bull run; with many believe a positive number is required for a continuation to occur.
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