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Spreadex Market Update

Friday, November 08, 2013 - Morning Market Update
Financial market analysis from Spreadex financial spread betting trader Shavaz Dhalla

European shares opened cautiously today

European shares opened cautiously today despite investors being gifted by data which showed that Germany’s trade surplus hit a record high as well as better-than-expected trade balance figures from China in September.  Although this will go a significant way in extinguishing investors’ growing fears that both China and Germany are struggling economically, there are still at least a couple of reasons why many traders are shying away from equities today. 


Firstly, acting like a comic-book-villain, Standard & Poor’s cut France’s credit rating to AA on the basis that they expected slower growth and argued that the government’s current strategy in tackling debt was not robust enough to make an impact in the medium-term.  Secondly, the US reported a strong GDP reading yesterday even amidst the problems with the debt ceiling and many have interpreted this growth figure as an impetuous for officials to announce tapering at the next FOMC meeting.


Thus, perhaps many of the analysts who have been arguing for a period of volatility in November could be proved correct.

The Trading Day and Week Ahead

For further information on the trading day ahead, take a look at our Financial Diary, which previews all the Economic Data due out to today and projected or previous figures.

Our Financial Diary is updated in real time as the figures are released throughout the day.

If you are unsure what different Economic Figures mean take a look at our Economic Indicators Explained guide.

For a look at the trading week ahead our Financial Diary also lists all the companies due to submit trading updates this week. Each Friday, our diary will preview the forthcoming week's economic indicators and company reports schedule.

For market trends and analysis, don't forget our charts have automatically generated support and resistance trend lines helping aid your financial spread betting with technical analysis. For more help on using our charts, view our Guide to Trading with Charts?


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