Spreadex Market Update
Fears over Europe's debt crisis
A combination of solid U.S. data and the Federal Reserve committing to monetary stimulus has seen a recovery in Asian markets overnight. Markets were able to take the Italian election result in their stride with events in the U.S. overnight providing peace of mind.
Federal Reserve Chairman Ben Bernanke strongly defended the Fed's bond-buying stimulus before Congress on Tuesday, assuaging worries that monetary policymakers might be getting cold feet.
U.S. data on Tuesday painted a positive growth outlook, with new home sales jumping to a 4 1/2-year high in January, while U.S. consumer confidence rose more than expected this month.
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