Spreadex Market Update

Another positive open for Euro markets



Another positive open for European markets today as investors’ faith in equities continued to improve. Ironically, the sentiment is being fuelled by worse-than-expected GDP figures from the US yesterday. Clearly investors are now hoping that the Federal Reserve will rethink their decision to taper stimulus measures and instead will continue with such measures which seem to be the key catalyst driving the markets at the moment.

The markets even received positive news from the Eurozone yesterday where ECB president Mario Draghi reaffirmed his commitment to ultra-lose stimulus measures. Although Draghi failed to announce any new steps, the markets are clearly thrilled that the struggling nations will not lose the measures which some argue are keeping the same nations from defaulting on their debt, which would result in chaos within the markets.

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