Spreadex Market Update
Positive open hampered by Spanish borrowing costs
However, any gains could be short-lived as world leaders are expecting Greece to finally form a coalition government today in an attempt to tackle their debt crisis which has persistently high jacked trader’s sentiment.
Any suggestion that Greece’s current austerity measures should be relaxed could quickly return a sour taste in trader’s appetite for risk and infuse some volatility back into the markets.
Although trading sentiment is likely to be dominated by any news headlines from Greece, there is still economic data due for release this morning.
Inflation figures from the UK are the first, where any increases are likely to be attributed to rising oil prices due to tensions between the West and Iran as of late.
In addition, a leading indicator of German economic sentiment, from Zew, is also due for release later this morning where a positive outlook from a European powerhouse could breathe some life back into global markets.
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