Spreadex Market Update

Global markets continued to display signs of boredom



Global markets continued to display signs of boredom this afternoon as investors came to terms with the fact that a decision regarding which nations, if any, will launch a military intervention into Syria will remain a prolonged debate. France attempted to inject some volatility into the markets after announcing their commitment to intervene if required regardless of whether the intervention is backed by the UN. However, since a decision has yet to be made explicit by France, investors are interpreting this as a more abstract statement.

In addition to traders abstaining from buying risk-on assets today, ahead of a decision regarding Syria, investors in the US will also be looking forward to a long-weekend owing to the Labour day holiday on Monday. Although volumes will probably get thinner over the course of today, investors should still remain cautious for any signs of a sell-off. It is entirely possible that certain investors will contemplate trimming some risk from their portfolios ahead of what is likely to be a headline driven market next week.

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