Today, European markets will open with a fall. British UK100 index will start trading 14 points down on 7268. The French CAC40 price will start trading with 9 points fall in price 4876. The German DAX30 will begin trading 18 points lower than yesterday's closing price of 11,756.
Today investors will focus on data from Germany CPI at 9:00 when will be announced and the GDP of Germany. Later in the day at 11:30 we expect data from the UK CPI. At 12:00 we expect ZEW economic sentiment of Germany.
Against the background of declining markets in the Asian session, gold and the yen as refuges growing. If today after extensive calendar of economic data not good news for leading economies is very likely that growth in precious metal and the yen to strengthen and the dollar to fall.
Oil is moving in a narrow range between $ 50 and $ 55 a barrel since mid-December yesterday fell in price to levels of $ 52.90. If today we see a continuous decline in the index is likely to become cheaper oil because of their direct link with the economies of developed countries.
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