Spreadex Market Update
Merger moves ahead
The broader market is higher from Friday’s close, as the most compelling strategy currently adopted by investors is to position for equity outperformance relative to bonds. The FTSE trades up 38 at 5,780.
This week is likely to be a repeat of the familiar themes and headline risks faced by the market for some time, namely pressured European debt and a slowing China. Participants will turn to non-farm numbers due out from the U.S. on Friday for a guide as to whether or not the labour market is currently improving.
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