Spreadex Market Update
Global markets continue to roar with optimism
Global markets continued to roar with optimism today as investors returned from a long weekend holiday in a buying mood. Investors were buoyed by news that The Bank of Japan and the European Central Bank have indicated that their stimulus measures are likely to stay in place, which is a sharp contrast to announcements by US policy officials that they are now starting to consider drawing their stimulus measures to an end.
Clearly investors were distraught last week that the crutch supporting the US economy could be removed which devastated confidence levels. However, the recent announcements that officials from the Eurozone and Japan will be bucking the trend and continuing their support is sitting well with investors.
Thus, today’s rally is a result of investors first opportunity to shrug off the worrying comments from US officials and instead replace this with supportive comments from other global officials.
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