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European stocks will open slightly higher, after better than expected PMI data from China

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The indices in Europe will open slightly higher, during the first day of the new trading wee, which will be shorter for the USA, due to the National day of 4th of July. Investors have a positive sentiment towards the risk as the PMI data from China were better than expected and raises the prospects of Global growth. The speeches from Central Banks members probably will continue to impact the markets.

The price of Oil is up around $46.19 per barrel, but the price continues to trade in a bearish market and possible fall of the price will have a negative impact on the indices. The USD continues to trade lower against the Euro and the AUD and NZD. Better than expected manufacturing PMI might strengthen the JPY, but that might be just a correction, for a very short time.

FTSE will open around 7,330, DAX will open around 12,405, CAC will open around 5,160

Trader - S. Fuchedzhiev

 

 


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