Spreadex Market Update
U.S stocks extended losses last night
Meanwhile, European equity stock futures have also retreated, indicating the regions equities will fall from their highest level since May 2008 amid concern over equity valuations. The Stoxx 600 currently trades at 13.9 times its members’ projected earnings. The gauge ended 2013 at its highest valuation since the end of 2009 with earnings for the index falling around 5 percent last year.
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