Spreadex Market Update
Slowdown in activity
Softening US retail sales yesterday, amongst other economic areas that indicate US growth is temporarily plateauing, could underscore the bearish short trade, although due to the forthcoming results of the Greek elections at the weekend balancing on a tightrope traders and investors are caught in limbo and preparing themselves for both Greek exit and Greek survival scenarios.
Spain and Italy’s borrowing costs continue to edge higher which does not bode well for a potential forthcoming Greek exit as such a scenario could push their troubled finances beyond repair.
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