Money Flows before the start of the European trading

After the brutal sell-off at the opening of US Futures, when CME restricted trade to strengthen the indexes, Asian traders took control and declines continued at night. This negative sentiment is also spreading to Europe, where major stock indices are expected to open up with beastly lows:

UKX: 6,866, -45 points
DAX: 11,046, -145 points
CAC: 4,876, -64 points

With the empty European Economic Calendar for the day, the market focus will be on the OPEC + meeting, which will take place in Vienna. Just like the previous meetings, expect a lot of titles before and during the meeting, as well as "leaks" in terms of OPEC and oil, ironically.

There were a lot of headlines last night about today's meeting, but the expectations are that producers will agree at least for a partial reduction in yields. The expected range is between 1 million and 1.5 million barrels per day. But the next question is, when will they start taking these measures?

Petrol seems to find a bottom about $ 50 for the moment, after seven consecutive weeks of decline. But we should be surprised if OPEC + fails to deliver good news today, can this key level withstand the next few days?

Photo: pixabay.com

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