Spreadex Market Update
European shares open cautiously
China also had an opportunity to contribute towards the current bout of pessimism showing Chinese industrial production slowing more than expected in August.
In addition, talks over the weekend concerning Greece’s pledge to austerity is also providing another incentive for investors to move away from risk off assets.
Investors are concerned over reports released on the weekend that the so-called ‘Troika’ of inspectors have refuted some of the austerity measures proposed by the Greek government.
However, bulls can find some hope within Greece’s current debt situation as the Troika is currently in the process of exploring alternative measures to help improve austerity.
Thus, investors need not panic until Greece finally decides to reject the imposed austerity measures and are forced to return to the drachma as a consequence.
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