Positive start for European markets today 01.03.2017

01.03.2017 / 08:43

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European markets started in positive territory, despite the lack of specific details and terms of Trump's speech yesterday. Positivism is strongly supported by recent polls that show lagging presidential candidate Marine Le Pen.

French CAC will open with 14 points rise in price 4872, the German DAX 35 points higher priced 11,860 and London FTSE by 6 points more upward price 7281.

Positive expectations today market shares are supported by data from China Manufacturing PMI, which exceeded expectations.

The price of oil continues to hold the top of the short-term consolidation and sufficient support from the foundation can reach higher levels, to support risk appetite.

Today at 10:55 we expect data from Germany Manufacturing PMI and at 11:00 Change in the number of unemployed and unemployment levels. 11:30, market participants will focus on data Manufacturing PMI this time from the UK.

Later today at 17:00 expect the BoC decision on interest rates in Canada, which may be cautious in purchases of CAD and a slight decrease, but if expectations for saving the current 0.5% is probably true Canadian dollar will receive support .

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Positive start for European markets today 01.03.2017

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