Spreadex Market Update
Euro headline indices have traded fairly range-bound this morning
The S&P 500 is trading at record highs after advancing 3.7 percent this month on the back of the congressional agreement on a new federal budget, but with that out of the way, the tapering of the Fed’s $85 billion of monthly bond purchase will be thrust back into the spotlight. Fed Chairman Ben Bernanke’s refusal to reduce the government’s monthly bond purchases has seen the S&P 500 climb some 22 percent this year.
Shares in G4S have led the FTSE 100 higher with the security services company climbing 3.39 percent amid a potential 1 billion pound offer from Charterhouse for G4S’s cash solutions business. The FTSE is now trading higher for the eight straight session with investors demand supported by expectations the Federal Reserve will keep its stimulus in place for the time being following the U.S fiscal standoff.
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