European Stocks to open lower
European Stocks to open lower, after the initial rise in Oil, then later traded lower. The Saudi Oil Minister said that there is no agreement on oil production cuts so far. Even if there was some sort of an agreement, many countries will not honor it, he said. The price of Oil went lower 5% but still trading over $30 per barrel. Data of Crude Oil inventories is expected today at 17:30.
The lower price of Oil and worst than expected data from China weight on the market sentiment over night during the Asian session.
FTSE to open around 5,932, DAX to open around 9,367, CAC to open around 4,208
Expected earnings reports from Airbus, Wienerberger, Peugeot, Weir Group
Jr. Trader - S. Fuchedzhiev
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