European Stocks to open higher
European stocks to open higher following the Asian session higher close. Draghi hinted that ECB is ready to act and increase the stimulus on the economy. The markets reacted on comments from the Central Banks, worst than expected data from China and the jump in Oil prices to $34.75 per barrel. OPEC producing countries agreed on a meeting in Doha and speculations on decrease in Oil production sent the price of Oil higher.
Not all analyst agree that Central Banks can do more to calm the markets, because the underlying factors for the increased volatility remain unchanged. The markets are focused on the global economies growth and the price of oil. Investors will be focused today on German ZEW sentiment and inflation figure from the UK.
FTSE to open around 5,850, DAX to open around 9,262,CAD to open around 4,135.
Jr. Trader - S. Fuchedzhiev
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