- Home
- >
- Fundamental Analysis
- >
- European markets will open around the closing levels. We remain cautious about new short positions
European markets will open around the closing levels. We remain cautious about new short positions
Rating:
Loading...European markets are expected to open around the closing levels from yesterday. German DAX at 11991, French CAC at 4995, and London UKX at 7107.
Still all negative market factors (French elections, tensions in Syria and North Korea, early elections in the UK) remain. Indexes formations keep the same and signal about negative investors sentiment.
Falling in the oil prices last night will also tilt the scale downward in the stock markets. Black gold fell to $50.09 and then bounced but this is likely to have the worst impact on UKX, with companies in the index having a large exposure in oil.
The earnings season continues, with companies reporting positive so far, but this can not be enough to drive investors into a new purchases on the stock market.
The pound continues to rise towards its crosses as many are seeing a change in the foundation. Yesterday Deutsche Bank that was the largest bear announced it has already changed its rating for sterling and already has bullish views. This will weigh on UKX, where we can expect new bearish impulses.
Today at 6:30pm and 7:30pm we expect speech by the BoE governor, Mark Carney.
Trader Nikolay Georgiev
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
