Spreadex Market Update
Markets stay lower
Confidence in Greece’s capability to get a grip of its debt has been dented further and with unrelenting protests by the Greek population, that confidence is only going to drop further.
US consumer sentiment was lower and their budget deficit was larger this afternoon for January, giving further negative news to fuel the downward momentum in today’s trading session.
Hopefully Greece will return to Brussels with the new demands imposed on them met before their deadline, however speculation of a “bridge loan” from the IMF has already started to circulate, so in a true Eurozone fashion, this issue will likely carry on way after the march deadline.
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