Spreadex Market Update
European markets open confidently
Investors will also be keenly watching day two of the G20 summit today. There has already been disagreements between policy officials regarding the steps necessary to ensure the global economy stays on the path to recovery. Perhaps most controversially, some key policy officials have even opposed the financial transaction tax amidst fears that such measures could detriment growth as well as create uncertainty within the markets.
Thus, despite the confident open today the markets could easily enter a period of volatility if investors start to believe that officials are arguing more than they are problem solving.
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