Spreadex Market Update
Euro stocks extend their highest level since June 2008
Japanese stocks surged after the Yen weakened beyond 101 per dollar for the first time in four years. The Yen has tumbled 23 percent since September, heading for its biggest annual loss since 1979.
BT Group, the UK’s largest fixed-line phone company reported fourth-quarter profit, beating market estimates. BT reported a surge of new customers to its high-speed internet service to compensate for falling landlines. BT also announced they will offer BT Sport channels free for broadband uses. The news took a direct hit on rival British Sky Broadcasting with shares falling 6.6 percent during trading yesterday.
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