US Stocks to open lower

02.02.2016 / 16:35

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DOW futures are about 100 points lower for now as the price of oil has fallen again. Even the better than expected company reported earnings are not enough to support the markets. The negative sentiment for oil continue to lead and the correlation between oil and stocks is there for now.

The markets did go up a bit in anticipation that the FED will not raise interest rates as aggressively as it was thought in the beginning. On Monday the markets closed flat on the session, however the oil price dropped more, but that can change and stocks can start following the oil price and drop as well.

The Markets can start to stabilize today, but the economic calendar is poor and the investors can start to focus on the oil prices again and stocks can fall. Except the news for US Total vehicles sales for January, there are no other news.

BP's earnings were worst than expected and now Exxon Mobil will report before the opening bell.

Jr. Trader - S. Fuchedzhiev

Varchev Traders

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US Stocks to open lower

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