Positive sentiment in the opening up of European markets

08.06.2017 / 09:05

Rating:

Markets in Europe are on track to open higher Thursday morning as politics and monetary policy take center stage.

The FTSE 100 is seen higher by 3 points at 7,467; the CAC 40 in France is set to start up by 12 points at 5,273 and the German DAX is expected to open higher by 29 points at 12,688.

Voters in the U.K. will be heading to polling stations, choosing the country's next Parliament. Polls on the eve of the election indicated that Prime Minister Theresa May will win the vote and increase her parliamentary majority.

Meanwhile, policymakers at the European Central Bank are set to discuss the future of monetary policy in the 19-member bloc. Expectations are that they will carry on with their large monetary stimulus. However, they will also receive updated economic forecasts. Some media reports suggest the ECB will cut inflation outlooks through 2019 and raise gross domestic product projections. The euro was trading slightly higher against the dollar, at $1.1256.

Investors will also be looking at the U.S. where former FBI Director James Comey will testify in the Senate after being fired by President Donald Trump over an investigation into Russia's alleged interference in the 2016 election. The testimony begins at 3 p.m. London time.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Positive sentiment in the opening up of European markets

London

Universal numbers