Spreadex Market Update
European markets fluctuating
European markets fluctuate between gains and losses on what’s turning out to be a very quiet 4th July. The euro continues to weaken following Mario Draghi’s comment yesterday, announcing details of a targeted loans program. Germany factory orders also weighed down the currency after coming in at -1.7% versus the -0.8% expected. Gold rose, up over $2 and on-track for the longest streak of weekly gains since March. Palladium traded near the highest price since 2001.
EasyJet Plc shares jumped 3% on the open, on realise of passenger numbers. Europe’s second largest discount airline reported it carried 10 percent more passengers in June than the previous year, helping travel and leisure stocks.
Brent remains under selling pressure, heading for its biggest weekly decline in six months as Libya prepared to resume exports from two terminals and Iraq’s crude production remained unaffected.
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