Spreadex Market Update
FTSE opens flat
The prospect of further QE from the Fed was received with aplomb in Asia overnight on optimism that it could stimulate much needed growth whilst Japanese growth beat estimates which should help the Nikkei after a downward spiral over the past two months.
With Germany and France both observing Bank Holidays and with a dearth of economic data this morning it will be interesting to see how market consensus is.
Will traders see their risk appetite return as they search for a bargain following the losses over the previous week or will the selloff continue in the wake of the ECB’s announcement to stop offering liquidity to some Greek banks?
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