Spreadex Market Update
Asian stocks once again traded higher overnight
Asian stocks once again traded higher overnight, with the Nikkei up almost 1 percent as the China Shenzhen inflated 0.4 percent. Precious metals and energies are largely unchanged, as Brent crude oil holds the $110 level.
Here in London the FTSE 100 has opened largely unchanged, down by just a few points. The same can be said for other European indices. Closing out a positive week for large-cap stock indices will help establish a somewhat positive tone against the typical ‘sell in May’ mantra, though it is early yet. Later today investors will turn to how risk appetite fairs into the weekend, using the US open and the performance of Treasuries as a gauge.
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