Negative sentiment is present on the stock markets, due to caution in anticipation of the US data on retail sales at 15:30 and Consumer Confidence at 17:00. The data will provide more signals, whether recession will occur or not.
Decline in oil price also had a negative impact on energy and material stocks, hence, on stock indices. The news that oil producing countries have reached production peak has a negative impact.
A bad GDP data for the Eurozone also have negative effect on the stock market. GDP data for the Eurozone Q1 is 0.5%, with expectations for 0.6%
A drop in shares in Asia also have a negative impact on sentiment in Europe.
Futures and stock indices have reached support levels, which could support prices in the coming hours.
There is no reason to expect the deployment of more serious negative sentiment if the US data isn't as bad.
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.
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.