Spreadex Market Update
European stocks continue their strong run
European stocks continue their strong run, rebounding from yesterday’s steep losses whilst playing catch up following a late rally during the US session last night. Adding to this positivity, Alcoa Inc started the quarterly earnings season by posting profit that exceeded estimates. Shares have rallied as much as 4% during pre-market trading.
The Federal Reserve is due to release their minutes later this evening, a main focus for many investors. With officials dropping the link between interested rates and employment, investors will be keeping a close eye on any further indication as to when interest rates could be hiked.
10-year Treasury notes declined for the first time in five days before the US auctions $21 billion later today. A recent from Greece showed Greek 10-year yields dropped below 6% for the first time since March 2010.
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