European Stocks to open higher

European Stocks to open higher after dollar weakness, helped the price of Oil to go higher.

European stocks to open higher, following the US and Asian Stock markets which closed higher, on the back of expectations that the FED will not raise interest rates any more this year. Dollar slipped and price of Oil went higher.

The dollar fell against the basket of currencies with 1.65%, after worst than expected news for the economy, and the FED is watching the data to base its decision for the next raise. ISM Non-manufacturing index came lower than expected at 53.1 rather than 55.1. Both the dollar and Oil have been very volatile since the begging of the year and even the Oil inventories higher reading did not stop the price of Oil to go higher.

FTSE to open at around 5,931, DAX to open at around 9,606, and the CAD to open at around 4,299.

The investors to watch closely the decision of BOE and its economic policy and the inflation report. No action is expected today. Some analysts expect higher rates from the BOE in 2017.

Jr. Trader - S. Fuchedzhiev

Read more:

• US – Iran – Iraq tension remain the main driver of the stock market today
• How top market players on Wall St think 2020 will look like on financial markets
• Money Flow before the start of the new trading week
• Cincinnati Financial Corporation (CINF.US) -Opportunity for long positions
• Asia stocks gain as Fed signals no rate cuts in 2020