Spreadex Market Update
Euro markets open higher
Nevertheless, as always, policy officials were quick to point out that the threat of a slowdown with China is still a real possibility owing to a potential slowdown in global growth. Thus, before investors get too carried away with the positive data from China, it may be wise to consider that the next tranche of growth data from China may not be as positive as the fourth quarter 2012 growth figures.
Morgan Stanley is also due to report its fourth quarter earnings today. Whether the banking giant’s earnings will buck the poor trend set by Bank of America and Citigroup through their disappointing earnings will be interesting. Whatever the outcome, financial shares could be vulnerable to seesaw type movements today.
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