Spreadex Market Update
Unease growing towards Spain
Reports over the weekend suggesting more of Spain’s regional governments could require assistance, and therefore prompting speculation into a full sovereign bailout for the country did not help build confidence.
The reintroduction of equity short selling restrictions in Madrid further eroded confidence in Europe. Various manufacturing figures in Europe will set the pace for the markets this morning.
Some strong numbers are badly needed to help bolster confidence and to allow the markets to take back some ground after yesterday.
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