European markets are set to open mixed following their momentum from last week. Investors are still not sure about how to interpret the economic data which we have received last Fruday from the U.S. On top of this, the ECB president has also disappointed by pointing that the QE buying program, which they could be Announcing on the 22nd after January, is towards the lower end of the curve. Not a good news if you are hopping for a big bazooka from the ECB.
TheFTSE futures are trading lower by nearly 10 points, the DAX is up by 6 points and French CAC 40 futures are also trading lower this morning by nearly 4 points.
The U.S. NFP pay roll data released last week was one of the best number released in a very long time, however it was the average earnings or the wage growth, which was very disappointing, and perhaps ,this is what making the investors confused and raising questions if there is something bigger cooking under the lid. If you look at the unemployment rate that also dropped to 5.6%, an extremely encouraging number.
Asian stock markets have certainly started the week very mixed and trading sentiment was pretty much tamed. The Nikkei 225 index closed up with a game of 0.18%. The HSI index also closed higher with a gain of 0.35%. However, the Shanghai index closed lower with a loss of -1.65%.
Crude oil futures have resumed their losses this week and this is mainly due to be outlook produced by Goldman Sachs. The bank has slashed its 2015 forecast for crude oil to 47.15 as compared to their previous forecast of $73.75.
Disclaimer: The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.