European stocks to open lower, after the Asian session over night the move up loses steam. The worst than expected news from China in regards to the exports fell 25.4%, the biggest drop since 2009.
The Negative sentiment risen even after the price of Oil continue to go up and its price reached $38.05 per barrel. The expectations are for Oil to reach short term target of $50 per barrel.
The US dollar continue to be under pressure and that helps stocks to move continuously up. Gold also moves up help by the weak dollar. "Risk On" sentiment is here to stay for now with AUD and NZD dollars the strongest.
FTSE to open around 6,130, DAX to open around 9,715, CAC to open around 4,410.
Jr. Trader - S. Fuchedzhiev
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