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Spreadex Market Update

Sunday, March 11, 2012 - Morning Market Update
David White
Financial market analysis from Spreadex financial spread betting trader David White

Asian stocks rise

Asian stocks rose overnight, as news that U.S. jobs data came in significantly ahead of expectations became incorporated into prices. Helped, too, were Japanese exporters, whose weakening base currency has improved outlook. Regional benchmarks closed at their highest levels since August ’11.

European equities have started the week unchanged, with the FTSE 100 holding gains made on Friday afternoon. Sterling is unchanged too, now below the $1.50 level at $1.4935. The Dax is lower by some 20 points at 7,970.

Investors are continuing to question how expensive stocks really are, citing valuation measures such as cyclically adjusted P/E and dividend yield compared to long-term averages. But traders are aware that prices can dislocate from fundamentals for as long as provided for by a given driver. And although excess liquidity is one of the most popular explanations for the recent stellar returns from equities, remember too just how bad the alternatives have been described as looking.

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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