Spreadex Market Update
European equities remain in the red
European equities remain in the red, drifting lower following a string of events that has sent investors walking to the side-lines. The downed Malaysian jetliner, Israeli ground offensive in Gaza and expanded sanctions against Russia have all contributed to the last two days of negativity. US stocks futures are also on the cards to open lower, following the biggest drop since April for the S&P. Investors have also spent the morning digesting earnings from US blue chips to include General Electric, Huntington Bank, LM Ericsson which all beat EPS.
The Malaysian Airlines flight MH17 which was downed by a missile yesterday sent ripples of nerves through the markets, increasing tensions between Ukraine and Russia. World leaders have demanded an international investigation into the shooting down of the passenger jet, marking a pivotal moment in the worst crisis between Russia and the West since the Cold War.
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