Asian and European sessions today traded with negative sentiment as traders are awaiting data on profits from the economic calendar. European indices opened with 20 to 40 points lower this morning.
On the data front, Monday will see pending home sales for December and Dallas Fed manufacturing for January at 10 a.m ET and 10:30 a.m ET, respectively. Personal income for December rose 0.3 percent, below an expected increase of 0.4 percent.
In oil markets, prices were dragged lower as investors grew increasingly concerned that rising production in the U.S. would offset output cuts pledged by OPEC and other producers.
It is possible an increase in the price of gold. Investors are turning to alternative assets such as metals when there is uncertainty in the stock markets.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
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.