Spreadex Market Update
European benchmarks relatively unchanged
We’re now approaching the ‘business end’ of the week, with ADP, advanced GDP, Fed statement and non-farm due before the end of the week. Investors are waiting for these indicators to materialise before any next move, which could see trading quiet until early this afternoon.
One point to note is how a poor US consumer confidence number failed to spark a sell-off yesterday. The market, it seemed, was more concerned with owning risk than fretting about a measure of confidence.
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