Spreadex Market Update

Global markets continue to trade flatly



Global markets continued to trade flatly today as investors opted to cash in on recent highs. In addition, with the low volumes observed within the markets today it also seems investors are starting their weekend a little early. Reports from Portugal attempted to trouble investors’ sentiment as rising borrowing costs amidst rumours that Portugal’s opposition leader has called for a renegotiation of bail-out terms is clearly not sitting well with some traders.

Despite this, it seems the markets will need a lot more to dislodge the faith investors seem to have towards equities at the moment. Not even a worse-than-expected preliminary UoM sentiment figure really had much of an impact on the markets. Thus, with the door not being fully closed on policy officials’ tapering of QE partnered with the recent political stability within Egypt, investors could enjoy this weekend and wake up to the start of the European reporting season with an optimistic mind-set.

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