Spreadex Market Update
16.07.12 Monday Afternoon
With no more economic data of note out for the rest of the day traders and spread bettors alike are looking to tomorrow when Ben Bernanke is due to present his monetary policy report to congress. Many people are hoping this will put further weight behind an argument for more stimulus measures to be undertaken, however it is felt by some that this is not the platform for Bernanke to come out with a statement announcing further QE at this stage.
In company news Citigroup is trading higher having made $2.9 billion from April through to June and exceeded Wall Street Estimates. CEO Vikram Pandit believes the company- the third largest US-based bank by assets -will be in good shape in the coming year and may look to increase their dividend in 2013. The share is currently 2% up on the day.
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