Spreadex Market Update
European stocks are signalling a higher open
European stocks are signalling a higher open following an upbeat Asian session. The regional benchmark was on course for its biggest increase in seven weeks as investors digested corporate earnings. A rebound in technology and emerging-market shares has contributed to more than $500 billion to be added to global stocks. Gains were capped after China industrial production fell unexpectedly last month. A report from the National Bureau of Statistics showed production fell to 8.7% from 8.8% in the preceding month.
Treasury yields and the dollar traded near the highest level in over a week on speculation a government report later today will show US retail sales rose for a third month. Stirling weakened against the dollar as investors weighed key data that could determine if the pound takes another run higher towards the $1.70 level.
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