European indices are in upbeat mode, while WTI shows no clear trend

January 6, 2016

Today European indices have demonstrated a shift to optimism, appreciating moderately after a sharp tumble in yesterday’s session. Investors are focused on jobless data from Germany, which will be published later today.

During European trading this morning, STOXX Euro 50 rose by 0.37% from the previous session close but failed to keep bullish bias and fell later by 0.5%. French CAC 40 lost 0.17% and German DAX 30 gained 0.29%.

Stock markets remain feeble after Monday crash in China caused by the release of Caixin report (previous 48.6, actual 48.2, estimate 48.9) showing slowdown of Chinese economy. These are the lowest numbers since September last year and staying below 50 means that the slowdown prevails in China economy rather than upturn.

Markets are also turning into a risk-averse mood as geopolitical strains in Persian region are deepening because of Saudi Arabia breaking air communication with Iran and halting some financial operations between the biggest Oil exporters in the area.

Oil prices were kept in upbeat mode gaining $1.35 on Monday, but a glut on the market overwhelmed bullish sentiments sending the commodity below 37 again and erasing all gains. WTI grew +0.33% at 36.88 as of 10:30 GMT today. Further action on Oil will be probably set after EIA release on Crude Inventories in the US tomorrow.

Publication source
Tickmill information  Tickmill reviews

September 27, 2016
US politics cast shadow over NZD
It's been an interesting start to the week as politics is looking likely to take centre stage amongst a market which is becoming increasingly worried over the result of the US presidential election...
September 26, 2016
The aftershocks of FOMC
The FED did not raise interest rates last week, as it was anticipated by many market participants. It seems like the FED decided to go with status quo and wait until a new American president is elected. We are waiting for a rate hike to take a place in December as it would be logical and a well justified thing to happen...
September 26, 2016
The week ahead: Focus shifts from central banks to politics
Monday’s US presidential debate will probably break a new record, not in the S&P 500, but the number of viewers which according to media analyst could reach over 100 million Americans, surpassing Carter-Reagan debate in 1980 which attracted 80.6 million viewers...

XM Rating
Grand Capital Rating
FBS Rating
FXCM Rating
Larson&Holz IT Ltd Rating
Vantage FX Rating

IQ Option Rating
Anyoption Rating
Porter Finance Rating
OptionRally Rating
OptionFair Rating
365BinaryOption Rating