Spreadex Market Update
Uncertainty grows
As uncertainty comes back to the table with European ministers debating Greece in Davos, investors are starting to slowly take money off the table.
Despite the issues in Greece, the US economy seems to be growing better than expected as US growth accelerated to 2.8% in the fourth quarter of 2011.
North American industrial companies are also predicting strong growth in the US, giving investors some hope that although Europe is in difficulties, the US economy seems to be fairing ok so far.
Any further discussions in Davos will inevitably influence the markets for trading on Monday. Lets hope their talks yield some results.
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