Europe to open higher as markets await the outcomes of several central bank meetings this week. The Fed will announce its latest decision on monetary policy on Wednesday and bond market reigns calm before the Fed meeting. On Thursday will be meeting of the Bank of Japan. Also on Thursday, RBNZ will probably keep interest rates unchanged (2.25%), although there is a lot of speculation about his downfall with -0.25%.
European stocks look set to buck a negative trend in Asia where stocks were mostly lower on Tuesday, after energy plays led a decline in U.S. equities overnight. Asia stocks were mostly lower on Tuesday, after energy plays led a decline in U.S. equities overnight (Nikkei 225 Index: -0.45%; Hang Seng Index: -0.70%; S&P/ASX 200: -0.35%; SHANGHAI Composite: -0.29%; KOSPI Index: +0.10%)
Crude oil futures rose early on Tuesday, pushed up by a weaker dollar and a flood of new cash into the market, but analysts warned that fundamentals remain weak as a producer race for customers heats up in the Middle East.
Earnings are due from BP, Orange, Bayer, Fiat Chrysler, DSM and Standard Chartered bank.
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