European markets to open lower, following the Asian indices during the night. The Asian markets did ignore the higher levels of the indices in the US. We are expecting speech from Mario Draghi and investors are cautious.
The price of Oil went up again but it failed to support the indices during the night. The last data of the stock piles of Oil were better than expected and Oil price went up. US dollar was weak and continue to fall. The RBNZ did not change the rates and that gave boost of the NZD and against the dollar.
We are expecting higher volatility during the speech from Mario Draghi. The Euro can go up, if Draghi say that he sees better economic conditions in the Eurozone.
FTSE to open around 6,281, DAX to open around 10,207, CAC to open around 4,447.
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