Spreadex Market Update
Appetite for risk assets finally looks to be receding
Appetite for risk assets finally looks to be receding from all-time and multi-year highs, depending on which side of the Atlantic you look. The FTSE 100 and Xetra Dax are mixed in trading this afternoon, down 0.4 percent and up 0.15 percent respectively. The dollar gains.
This isn’t, however, enough to slow the march of Eurozone peripheral debt. Portuguese 10-year notes are once again pushing higher on greater demand, signalling their lowest yield for almost ten years. All seems quite healthy for now. Indeed, the trend of monetary support likely form the ECB could indeed help lower yields further, creating the confidence the monetary union has been yearning for since 2010. The euro is lower against the dollar at $1.3548.
We’re calling the Dow 30 lower at 16,910 ahead of the US open.
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