Spreadex Market Update
Global markets tentative
It seems investors are waiting to see the results of Spain’s austerity measures this Thursday and whether the measures will be enough to bring the nation back from the brink of default.
Furthermore, not even a speech today by ECB president, Mario Draghi, could ignite any substantial optimism from investors as once again Draghi failed to impress the markets with any new or specific measures the ECB plans to take to help struggling Eurozone nations.
However, Draghi did reiterate the rigidity of the Euro. Ironically, the Euro lost strength against most major pairings shortly after.
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