Spreadex Market Update
Asian stocks rise
New Italian prime minister Enrico Letta will today seek the backing of parliament in a confidence vote amid severe political and economic problems that will test the solidity of his coalition government in the months ahead. The vote takes place under the shadow of the gun attack on Sunday in which an unemployed man shot two police officers outside the prime minister's office in Rome.
The U.S. Federal Reserve starts a two-day policy meeting tomorrow after a government report last week showed the world’s largest economy expanded less than economists’ forecast. The authorities are very keen to keep the economy on a recovery track. They are likely to talk less about tightening when the Fed concludes its policy meeting this week.
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