European session is expected to open lower as the markets were struggling to find direction during the Asian session over night. The situation in Turkey will be in focus today and investors will be cautious as details will emerge. It is possible to see higher price of the indices later in the session as the risks subside.
The Turkish lira fell sharply against the Euro and the Dollar due to the situation in Turkey. The sentiment remains positiv, but investors will focus on the geo-political situation and tensions. The Oil price is still under pressure and did not react to the news and it will not help the indices to rise. Gold is weaker but it remains in Bullish formation still.
There is a meeting today scheduled in Brussels where the Foreign Ministers of the Eurozone will meet to discuss the geo-political situation.
FTSE will open around 6,685, DAX to open around 10,093, CAC to open around 4,377.
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