Positive start for European markets

16.06.2017 / 08:55

Rating:

European markets will open slightly higher after the volatile week, declining oil prices and the technology sector correction.

The British FTSE 100 is expected to open 10 points higher at 7437 levels, the German DAX will start at 12,715 and the French CAC40 will start trading at 5228 levels.

The rise in the indices is also due to the fall in the euro yesterday, due to lower inflation expectations in the eurozone, 0.9% against the 2.0% target of the ECB.

Oil has a negative impact on stocks as it continues to lose its value, despite the agreement reached by the OPEC parties to extend the abstraction program. WTI dropped to $ 44.22 a barrel, and is currently trading at about $ 44.50 a barrel.

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 start for European markets

London

Universal numbers