Spreadex Market Update
Markets trade positively
Thus, investors are now juggling between the positive news that Greece is on its way to making structural reforms to rescue itself from debt crisis as well as concerns over the EU’s rigid position on Greece’s current austerity measures.
However, investors should also note that volumes today are extremely thin and are at 26 percent of their 90-day average.
Although the closure of the US bond market today is likely having an impact on volumes, it seems more likely that investors are simply unsure as to what positions to take in a market so heavily influenced by news headlines.
Thus, the current thin volumes are a product of investors not knowing what the next news headline will be which could potentially rock the markets.
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