Spreadex Market Update
Euro futures point to another lower open
In a report from the World Bank in Washington stated the world economy will expand 2.2 percent, less than the 2.4 percent initially forecasted in January. They also see the euro regions gross domestic product shrinking 0.6 percent. However, forecasts were raised for the US and Japan after successful monetary stimulus programmes helped growth.
The Yen surged past 95 dollars, hitting a 2month high after government data showed Japanese investors were not sellers of overseas bonds and stocks for a fourth-straight week.
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