Spreadex Market Update
18.07.12 Wednesday Afternoon
With regards to data we have seen US housing starts beat analyst’s expectations, jumping 6.9% in June from May to 0.76 million from an expectation of 0.745 million, adding another element of positivity before the US open. At 7pm GMT we will see the release of the Federal Reserve’s Beige Book survey of current economic conditions in the 12 Federal districts in the US.
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