Spreadex Market Update
23.05.12 Wednesday Morning
On the open we’re seeing basic materials and telecommunications lag, with tech outperforming. Unsurprisingly, then, what performed well yesterday is getting hit today, as the positive sentiment reverses into fear once again. The story is no different with commodities, either, where gold trades $15 lower on revised inflation expectations and light crude falls in line with an expectation of less demand.
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