Spreadex Market Update
Geopolitical worries have resumed
Geopolitical worries have resumed around the globe this week as violence increased between Pro-Russian activists and Ukraine, prompting commodities to rise as tensions flare. European stocks began the day in negative territory continuing the selloff that was seen throughout last week however there has been a quick rebound during early afternoon trading. The Dax was originally down over 50 pts before quickly spiking up into positive territory prior to the US open with the FTSE shortly following suit.
US Core Retail Sales and Retail Sales both came in better that expected at 0.7% and 1.1% respectively with investors keenly awaiting the US opening bell to see if last week’s selloff has finally come to an end.
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