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EU markets will start with positive sentiment

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European markets will open higher, despite of the shaky performance of Asian markets.

German DAX will open 30 points higher at 11579, France CAC 7 points higher at 4877 and London FTSE by 20 points higher at 7241.

The statement of Theresa May from yesterday was positive for the stocks market as the Prime Minister of UK sees an opportunity for development and reforms in Brexit vote.

However, we must not forget that the new elected US president inauguration will take place on Friday, January 20, which suggest some caution on the stock markets.

Crude oil continues to trade in consolidation at $52,64 for a barrel.

By the economic calendar today, investors will focus on Unemployment Rate levels data and Average Earnings in UK at 11:30am, Consumer Price Index (CPI) at 12:00am and CPI for USA at 3:30pm.


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