European stocks to open lower.
European stocks to open lower, as US stocks closed up yesterday. Investors are awaiting FED's January minutes today and also the Unemployment and Average Earnings Index from the UK. Analyst will try to understand how FED thinks and the more likely scenarios about the interest rates going forward.
After the increase by the FED and Bank of Japans introduction of negative rates, market volatility has increased. Worst than expected data from the US lowered expectations of more interest rates hikes for this year.
Price of Oil drop below $30 again after the OPEC meeting in Doha, where the decision was made to keep the production levels as of Jan 2016. Iran will continue to produce as much as they can to increase their market share globally.
FTSE to open around 5,896, DAX to open around 9,185, CAC to open around 4,132.
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