Overview of the basic drivers: Stock indices and oil

The main European stock indices  demonstrate a positive trend in the course of trading on Monday. DAX and CAC 40 on average added about 1.20%, putting some pressure on the single currency against the US dollar. The British FTSE 100 is currently adding about + 0.40%, while losing about 0.60% since the opening of the tradings, which has supported the British currency. See Quotations.

Oil prices are declining in the course of trading on Monday, with an average loss of about 1.05%. This decline does not put pressure on commodity currencies, amid some uncertainty about further changes in demand and supply in the oil market. Also, see “Oil (current news)“.

Alexander Sivtsov