Spreadex Market Update
Investors hoping for developments from the Fed
Whilst certain topics still require further clarification, Bernanke has cited high unemployment and low inflation as areas that require improvement. The continuous stream of strong U.S earnings is helping to aid the belief that the U.S economy is on the path to recovery, reversing the trend of “bad news is good news” seen earlier this year.
A bigger than expected rise in British retail sales has sent consumer service equities soaring, buoying the FTSE 100 during today’s session. Easyjet is seen leading the way after a JP Morgan upgrade, with WPP a close second gaining 2.9% after traders said the share benefited from news French peer Publicis was targeting the top end of organic growth forecasts.
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