Overnight roundup courtesy of Spreadex – 06/08/13

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European markets were range bound this morning as investors showed symptoms of fatigue after an exhausting time last week owing to a raft of corporate and economic data.  Although there is still a tranche of corporate data due from the US today, at least traders will have not have to grapple with the same volume of data from European companies.  Whether such a respite will give investors an opportunity to take a break and rethink their positions, or instead fret over the outcomes of the corporate data from the US is perhaps another issue.

In addition, results from the HSBC Emerging Markets survey which found that business activity within emerging economies contracted for the first time in over four years disappointed investors.  Economists are constantly highlighting the strength of emerging markets as a sign that the global economy is recovering.  Arguably the results of the survey emphasize the consequences of fluctuating demand from developed nations and the detrimental effects this is having on manufacturing led nations.

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