Spreadex Market Update
15.05.12 Tuesday Morning
Nevertheless, bears seem to be resisting any substantial gains as traders and spread betters brace themselves for a possible double dip recession as preliminary GDP figures from the Eurozone are due later this morning.
However, any early gains in European trading could be extinguished later today as retail sales from the US are due. Economists are expecting a slowdown in sales and the weakest advance in four months.
Any negative deviation from what is already deemed to be a poor expected figure could serve as enough of a catalyst for bears to once again monopolise the market and return global markets back into the red.
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