Spreadex Market Update
Positive sentiment from around the world as Asian markets edge towards 1-year highs.
Asian markets gained throughout the night, edging towards 1-year highs as positive sentiment flows into the markets from around the globe. Bond prices have increased ahead of the ECB press conference where expectations firmly believe we will see some form of easing on the monetary policy.
The Aussie dollar surged against its counterparts early this morning as Private Capital Expenditure came in worse than expected at -4.2%, prompting a spike upwards in the FX market.
With bank holidays in France and Germany, economic data is thin from Europe throughout the day and we are currently calling the FTSE 100 and German Dax flat ahead of the open. The first piece of notable data will be released from the US with Prelim GDP and Unemployment Claims released this afternoon. Consensus expects them to come in at -0.6% and 321k respectively.
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