European Stocks to open lower
European Stocks to open lower, after data from China showing 7 straight month of declines in the production sector. The expected reading was for 49.3, but actual was 49.0. The Asian markets were mostly higher after China decreased the bank reserves requirements and added liquidity to the markets.
The Price of Oil slightly dipped, after reports for lower production from both US and OPEC, but the demand continuous to be strong. Before the start of today's European session the oil trades at $34.13 per barrel.
Eurozone inflation was negative and that give way to speculations that the ECB will act soon and inject more stimulus into the Economy in order to continue with its efforts to bring up inflation.
FTSE to open around 6,052, DAX to open around 9,395, CAC to open around 4,297.
Financial Reports are due from Barclays, Glencore, Lego Group and Luxottica.
Jr. Trader - S. Fuchedzhiev
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.