Spreadex Market Update

10.07.12 Tuesday Morning



Doubts over the ability of European ministers to make further progress on the regions debt crisis a long with continued uncertainty regarding the global economic outlook caused a very much subdued start to the trading week. Spanish yields is still a pressing concern for the region as Europe gives them an extra year to cut their deficit, however no bailout for Spain has yet to be confirmed. Italian debt is also creeping higher, reaching 6.1% yesterday causing investors to continue to seek the safety of German and US sovereign debt. Over in Asia Japans recovery seems to be fading as Japanese machinery orders tumbled to 14.8% in May, the lowest level in two years. A bit closer to home, M&S Q1 group sales fell by 0.7% causing a shakeup of key executives in the firm as the British retail sector continues to struggle.

So with a pretty bleak start the week, spread betting investors will be looking for strong Manufacturing figures in the UK and Europe to help try and turn the current negative sentiment around.

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