Spreadex Market Update
Stocks start to come off
After the recent strong run the markets have enjoyed, investors seem to be taking a break and waiting to analyse what events could instigate further significant activity. Dips seem to be consistently bought into and were seeing the FTSE break numerous resistance levels having rallied some 15 percent in 4 months.
Over in Britain, the Parliamentary Commission on Banking Standards has stressed the importance of new rules designed to protect the taxpayer. According to the parliamentary panel, Britain should adopt legislation that could force all banks to split routine retail operation from riskier investment activities.
Any decision would have to be recommended by an independent review and the final decision to act on an industry-wide basis would lie with the government and parliament, not with the regulator.
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