Spreadex Market Update
Equities find support
And although the figures are indicative of the euro area’s anaemic outlook, to have the market positively surprised for a change goes at least some way to address the crisis of confidence.
The Xetra Dax trades higher by 50 points. Equity indices are trading higher shortly after the open, propelled by investors’ refreshed appetite for risk.
The dollar has sold off where the euro has been bought, and commodities have marginally inflated on the macro-positive news.
Here in London we’re seeing the slow grind higher resume for now, with clients targeting a broad range of instruments consistent with the headline-driven price action.
Standard Life, ITV and Evraz lead the FTSE 100 higher.
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