European stock index Stokxx 600 is heading to its worst beginning from 2011 until the dip at around
6.5%.
According to Guillermo Hernandez Sampere who is one of the members, who control a fond of around 272 million dollars in Germany, the volatility will continue to prevail on the markets. He thinks that the long term picture is still unclear, as main question marks remain the commodities’ prices and whether Chinese government keeps its economy under control.
The unemployment releases in USA came out better than even the best expectations as analysts gave projections of around 200 000 newly opened workplaces in the non agricultural sector, but this has influenced the markets only temporary probably because of the negative news for the hourly average incomes hour for December, which led us to think that besides the good unemployment news, the target inflation of 2% is still unclear and when it will be reached.
The main German index - DAX headed to an increase after the sales from the last couple of days but the it reversed its direction in the begging of the session followed by new sales and a test of the previous bottom, as the price remains around these levels at this point.
The gold was selling during the Asian session but the European session compensated for the losses.
The negative sentiments for the Black Gold continues and it didn’t show any increase during the European session demonstrating new lows.
Jr. Trader - B. Ivanov
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