Today, financial markets will be influenced only by Germany and France, like other major financial centers such a Britain and the US have a day off. For this reason, market liquidity will be low, which may lead to a slightly larger, but short-term movements in comparison with the holidays around Christmas.
In days like this the market can not determine the direction on the major currency pairs, as is very likely to see a short-term movement in the growing of the USD against the EUR and JPY, but in the afternoon this superiority can be deleted
Stock indices is likely to register slight declines in Europe, DAX and CAC. The reasons are that even the last two days of trading sessions in Europe could not offset the increased caution after the previous weeks. This of course increases the likelihood caution prevail today, which will prevent disclosure of large long positions, on the contrary sales are likely, which would affect the indexes.
The worst data from China could also have a negative impact on stocks.
Impact on the financial markets will have also the data from Germany and France in 10:55 for manufacturing PMI index, until then the weaker EUR is likely
At 11:00 we expect data from euro zone manufacturing PMI index - Preliminary
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