Spreadex Market Update
We expect to see a sluggish day at best with volumes at the lower end of the spectrum
With the London Stock Exchange ending trading today at 12:30 pm local time –European cash markets close 35 minutes later – we expect to see a sluggish day at best with volumes at the lower end of the spectrum. However, European indices have continued onwards and upwards during this morning’s session, maintaining their bullish form, as the European Central Bank and the Bank of England pledged to leave interest rates near record lows for a prolonged period.
Asian stocks outside of Japan have also continued to soar, registering a sixth consecutive day of gains after this morning’s close. This comes after Asian investors were encouraged by impressive U.S data, and are starting to believe in the U.S economic recovery. The International Monetary Fund is raising its outlook for the U.S. economy, as a budget deal in Washington and the Fed’s plan to taper its bond buying ease doubts about the future. The IMF predicted in October that the world’s largest economy would expand 2.6 percent next year.
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