European Stocks to open lower, after the incidents in Brussels. During the Asian session the markets were traded lower at first but then continued up. Investors are trading with caution after the incidents. The negative news and the short term bullish move of the indices can have a negative impact on them and profit taking to occur and they could fall.
The price of Oil reached $41.44 per barrel and with the indices both traded higher again. American Petroleum reported that US stockpiles increased by 9 million barrels for the previous week.
FTSE to open around 6,179, DAX to open around 9,980, CAC to open around 4,429.
Earnings reports are expected from Lloyds of London, Hermes and Kingfisher.
Jr. Trader - S. Fuchedzhiev
Varchev Traders
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