Spreadex Market Update
FTSE 100 edging closer to first monthly fall in a year
The FTSE 100 is edging ever closer to its first monthly fall in over a year as concerns over central bank stimulus weighs on global equities. Enjoying its longest run of monthly gains since the mid-1990s, signs that the U.S Federal Reserve will temper stimulus is set end that sequence today.
Whilst the Federal Reserve have taken steps to reassure investors that bond purchases will not halt unless the economy continues to strengthen, the incredible rally seen that started in March 2009, was on the back of central bank stimulus. The gains seen over the last few days have been more about traders seeking bargains rather than genuine optimism.
European leaders have taken steps to combat youth unemployment and promote lending to credit-starved small businesses. Pledging some 6 billion euros over the next two years to support job creation for young people, there are hopes that daunting data suggesting that youth unemployment, over fifty percent in Greece and Spain, can be rectified.
Leaders also approved plans for the European Investment Bank to lend hundreds of billions of euros to small and medium-sized enterprises (SMEs), particularly in southern EU states where bank finance has largely dried up due to the euro zone's debt crisis.It's easy to open an account
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