Spreadex Market Update
Euro markets rise yet again
Although the FTSE 100 was trading up 27 points by 13:00, miners have fallen with investors concerned over China given its recent indication that inflation concerns could take precedence over a pro-growth stance. The sector is down some 2 percent in 2013, against a more than 10 percent advance on the FTSE 100.
European leaders attending a two-day summit in Brussels will be discussing plans to loosen the economic shackles on Eurozone nations struggling to bring down deficits. Countries including Spain, France & Portugal will have national budgets reassessed and are expected to be granted more time to restructure their ailing economies.
Over in the U.S, index futures are trading higher supported by better than expected jobless claims data. The number of Americans filing applications for unemployment benefits unexpectedly dropped last week to the lowest level in almost two months, adding to signs the labour market in strengthening.
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