European Stocks to open lower due to the lower oil prices and the FED minutes due tomorrow on Wednesday.
All three FTSE, DAX and the CAD may open lower. The Asian markets were under pressure overnight due to the weakness in the American markets.
US Oil was below $30 per barrel, where Monday was down as much as 7%. Due to the over production the words from the Minister of Iraq that the production of oil was at a record levels, reaching 4.13 barrels per day in December.
The lower price of oil had negative impact on stocks, where the S&P and the Nasdaq both closed lower by 1.5% each, DOW Jones closed lower by 200 points.
ECB did continue to promise that they will increase inflation in the Eurozone.
Jr. Trader - Senan Fuchedzhiev
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 directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Derivatives and margin trading involve a high degree risk level. You should not trade Forex and CFD unless you fully understand how it functions, what your benefits can be, what your risk is, and what you may lose. Please, note that the losses can be practically unlimited and that the initial deposit will not permanently limit the risk. You have to fully realize your financial status and make sure that trading in derivatives hides the risk of losing the entire amount invested. Invest only the amounts that you are able to lose.