Spreadex Market Update
Markets trade up on Spain bailout plan
Spanish yields dropped below 7% on the news, giving the markets a slight boost as any drop in Spain’s borrowing costs will drastically help them reach their deficit targets, however yields need to go a lot lower to reach a sustainable level.
US markets are relatively flat this afternoon as news in Europe looks to be offsetting a few profit warnings announced this afternoon. Light volumes are also causing some volatility within the markets, providing some good opportunities for those interested in financial spread betting.
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