Spreadex Market Update
European markets opened confidently today
And yet, perhaps this is not necessarily a solely headline driven market some may assume the rally has arisen from. If one considers that the debt issues in the US have been provided with a temporary resolution, the Eurozone economic area is slowly recovering and even manufacturing data from China rose to a seven-month high in October. Thus, before bears voice their concerns that the rally today has arisen as a result of investors looking for any excuse to hold equities then perhaps one should remember that it’s been long time since investors have actually had a series of sound economic fundamentals to entice such optimism.
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