Spreadex Market Update
MARKETS HOLD BREATH BEFORE THIS AFTERNOON’S ANNOUNCEMENTS
Friday’s bell did little to excite the markets this morning with Wednesday afternoon’s surge still having affects two days on. The FTSE appears to be the only slight mover (down 0.4%) as other euro markets appear to be following France in enjoy a midsummer bank holiday.
With JP Morgan, Wells Fargo and Citigroup all rolling out their second quarter earnings before the bell, it appears any action to end the week will have to wait until this afternoon. The US Core CPI and Core retail sales should also add to the mix.
The pound and the euro have both taken small chunks out of the dollar, EUR/USD cementing its place above the 1.1400 mark and GBP/USD sitting above 1.2950.
The rumours surrounding Astrazeneca’s CEO departing seem to be gathering pace with an announcement expected at some point today or this evening, but official news has yet to be released.
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