The indices in Europe will start the session in negative territory, as the Asian markets closed slightly higher. Investors are still digesting Mario Draghi's words after the ECB's decision to leave interest rates on hold at 0%. Most analysts think that during next year in 2018 we might see a tighter monetary policy from the ECB. Investors' focus is on the corporate financial reports which continue to come out better than expected. It is possible to see a higher level of the indices later on during the session, but market participants will exercise caution as it is Friday today.
The Euro continues to trade supported as the ECB is expected to have a tighter policy next year. The IMF agreed to give Greece the next loan of $1.8 bn and it dampens the uncertainties around the weakest link in the Euro zone. The USD continues to be sold off as investors are still negative against the currency in the short term. The pound can be seen to the down side, as traders have seen selling off the currency in the last two days, as the data from the UK started to come out negative. The Crude Oil price fell to $46.74 and if this continues to be the case then lower prices of the indices might be seen.
FTSE will open around 7,495, DAX will open around 12,438, CAC will open around 5,194
Trader - S. Fuchedzhiev
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