European Stocks to open unchanged, following weaker Asian indices over night and lower oil prices.
Chinese stocks fell after the worst than expected trade balance data. The price of oil also negatively influenced stocks, after jitters for lower global demand surfaced. US dollar strengthen against some major currencies but the JPY remains the strongest of them all.
The markets are trading in thin range, we are expecting BOC and interest rates, after than RBNZ and rates later on during the night. After these two CB meeting, we are expecting ECB and rate decision tomorrow. Investors will watch closely the decisions and if the other Central Banks are following the FED or the divergence between them continuous. With 3 Central Bank meetings this week only sure thing for the markets will be volatility.
FTSE to open around 6,125, DAX to open around 9,701, CAC to open around 4,408.
Jr. Trader - S. Fuchedzhiev
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