Positive sentiment before the US stock market open

31.05.2017 / 16:06

Rating:

American stocks are expect to open higher. European markets traded also higher which will likely continue during the American session.

Oil prices fell by almost 3% after Reuters reported that Libya exports 500,000 barrels a day, up from 300,000 barrels. The fall in the price of black gold may have a negative impact on risky assets.

Just minutes ago, US President Donald Trump said he would pull the country out of the Paris climate agreement, which may add some uncertainty and see a new consolidation of the indexes.

At 17:00, investors will concentrate on Pending House Sales, as data above expectations will have positive impact over stock markets and USD.

Trader Nikolay Georgiev

Varchev Traders

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Positive sentiment before the US stock market open

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