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Libertex Launched Contract Trading in Bitcoin and Litecoin

Discussion in 'Bitcoin News and Press Releases' started by Libertex, Jul 13, 2017.

  1. Libertex

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    Europe’s Markets Anxiously Waiting for the Brexit News and Italy’s Budget Developments


    European investors are waiting hopefully for further progress in the US-China trade dispute to happen after some positive developments have occurred along this avenue. On the negative side, markets will continue to face pressures due to Brexit uncertainties and Italy’s next-year’s budget issues that have still not been fully resolved, financial scouts note.
    Meanwhile, investors keep hoping that US won’t slap new tariffs on the Chinese imports. China says it doesn’t want to fight a trade war with the United States, while the US pledges Washington “will not change course” on trade policy “until China changes its ways.”
    European traders are also anxious to know what new Brexit moves are actually to be made now that London and Brussels have worked out a draft divorce deal, as the UK prepares to leave the European Union on March 29, 2019. After the draft deal has been pulled off, it needs the approval of UK MPs and each EU member state. And if it has not been approved before the Brexit day, ‘hard’ Brexit might be brought about with negative outcomes to possibly hurt the UK and the remaining EU members.
    Yet another source of concern for investors is Italy’s 2019 budget turmoil with European Commission’s report on Italy's debt to be issued on upcoming Wednesday, November 21. Traders are wary that disciplinary procedure might be brought against Italy, if the country’s draft budget challenges its tax and budget commitments to the EU.
    In France, the “yellow vest” protests against fuel price rises still continue. And though President Emmanuel Macron says he “hears the anger”, he seems to be set to keep taxing fuel.


    Ivan Marchena, Libertex Analyst
     
  2. Libertex

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    Europe’s Markets to Remain Volatile as Investors Wait for the Italy Budget Impasse to be Resolved


    Europe’s stock markets are awaiting the outcome of the Italy budget crisis. Most likely, we’ll have some certainty about what really happens in early December. Investors are somewhat worried about the situation, with market prices going both ways.
    The Eurogroup is scheduled to meet on December 3 and will most likely discuss the issues faced. Italy’s government are hopeful that there will have a constructive dialogue with European Commission Head Jean-Claude Juncker. Still, investors fear that Italy may be disciplined with EDP measures to be imposed against it.
    Meanwhile, traders never stopped watching the US-China trade war developments, with a U.S. government report appeared that accuses Beijing of stepping up efforts to steal technology via network hacks.
    Also, investors are awaiting the outcomes of the upcoming meeting between Presidents Donald Trump and Xi Jinping at G20 Argentina 2018 summit in December. If traders understand that trade risks still remain high after the summit, they might reasonably have reason to doubt that the Federal Reserve will raise rates again as planned in its next meeting. So far, the Fed predicts the fourth hike before the year ends, likely coming in December.
    Global oil markets are dominated by uncertainty, too, with the oil prices plummeting and then soaring again. Investors are awaiting the OPEC+ meeting in early December with the oil production cut likely to be endorsed to bolster prices. In the medium term, traders are wary that the oil market supply might be too high.

    Ivan Marchena, Libertex Analyst
     
  3. Libertex

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    Europe’s Markets to Remain under Pressure, As Investors Await the G20 Summit and OPEC+ Meeting Outcomes


    Europe’s investors’ eyes are on the G20 summit to be held from November 30 to December 1 in Argentina. Investors expect that some new arrangements might be worked out by the US and China that would hopefully help to break the trade impasse. The positive expectations are driven by the US President Donald Trump’s saying earlier that he intends to discuss the situation with the Chinese leader on the sidelines.

    Another main focus for European traders is Brexit terms that remain a front-burner concern even though key agreements seem to have been reached between Brussels and London. Meanwhile, new setbacks might still occur. Previously, the sticking point had been a rift over Gibraltar, as Spain had contested the disputed territory’s status and threatened to veto the Brexit withdrawal agreement. But eventually the UK and Spain have struck a Brexit deal over Gibraltar.

    On the positive side, the European indices might be underpinned by the euro weakening versus the US dollar, as investors become less attracted to high-risk assets including high-risk forex investments and now tend to prefer buying robust currencies like US dollar.

    And on the negative front, oil prices continue to face pressures even though some OPEC members, primarily Saudi Arabia, have been sending out signals that the decision to curb oil production might be taken in the OPEC+ key meetings to be held in Vienna from December 5 to December 7.

    Ivan Marchena, Libertex Analyst
     
  4. Libertex

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    What is financial scouting?

    When referring to the term financial scouting, people mean the searchin for good trading opportunities in the financial market, done both quickly and professionally.
    A financial scout or a financial scouting service sets out to find investment opportunities that fully meet a trader's needs, this being their primary task. Such investment opportunities may be both high- and low risk.
    Want to know what is the difference between financial scouting and investment advisory? - Visit https://libertex.com/blog/what-financial-scouting
     
  5. Libertex

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    In Europe, All Eyes Are On the G20 Summit

    European traders will keep close track of the G20 summit. They wait for potential important statements to be made regarding the global economic outlook, and for agreements to be reached to address the US-China trade war.
    On the downside, investors are wary now that the US leader has promised to unleash tariffs on European car imports, so Europe’s carmakers feel downbeat.
    Meanwhile, on the positive side, traders’ worries about possible fourth rate hike from the U.S. Federal Reserve were somewhat soothed. The Fed’s chairman Jerome H. Powell made a market-invigorating statement saying that the US economic outlook remains strong, but the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Mr. Powell said the benchmark interest rate was “just below” the neutral level.
    Financial scouts note that the two continuing main concerns for Europe are Brexit divorce conditions and the Italy budget standoff. According to new official figures, withdrawal from the European Union under the government’s plans could cut the UK’s GDP by up to 3.9% over the next 15 years, but leaving without a deal could deliver a 9.3% hit to GDP over the same period, says the analysis produced by departments across Whitehall.

    Oil will be the focus of interest for the European investors as well, as they hope that the oil prices might be bolstered if OPEC+ members decide to cut the supply to curb the current glut in their meetings from December 5 to December 7.


    Ivan Marchena, Libertex Analyst
     
  6. Libertex

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    Which opportunities does financial scouting bring?

    When it comes to financial investments, being ahead of the others is a key to success. The drivers influencing the price are constantly changing. This makes it necessary to always monitor both micro and macroeconomics and act fast. As Leo Szilard, a famous scientist, once said, 'In order to succeed it is not necessary to be much cleverer than other people. All you have to do is be one day ahead of them.' This is the best phrase to describe financial scouting, the new service that enables faster trading and gains more profit.

    Want to know more about financial scouting? - Visit Libertex.com!
     
  7. Libertex

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    Marijuana Stocks Falls into the Correction Territory


    Major Canadian pot stocks were broadly lower, with some prices currently falling by as much as 5 to 6%. The sector has been into the correction territory after soaring in October on recreational cannabis sales rollout in Canada.


    Now we see a big share price reversal versus the peak prices. The Sector’s leaders Canopy Growth Corp and Tilray Inc fell by about 50% versus their 12-month highs. And some other key names in the sector like Aurora Cannabis Inc plummeted even lower.


    On the positive side, some good news appeared that, as financial scouts note, might refuel buying in the sector. Specifically, first-ever medical cannabis growing licenses were awarded to private businesses. And some more countries like the UK and Germany might possible make marijuana legal as well.


    Another big positive news for the marijuana sector companies was that Canopy Growth and some other major cannabis producers have been on the Bloomberg’s 50 Stocks to Watch in 2019 list.


    We can expect that given a lengthy correction after the bursting growth in October Canopy Growth (СGС) stocks may be down by $29-30 within the week, while Tilray might drop to $100-105, and Aurora Cannabis Inc, Aphria Inc. and Cronos Group might hit the lows at $4.5-$5, $6.5-$7, and $8.2-$8.5, respectively.


    Ivan Marchena, Libertex Analyst
     
  8. Libertex

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    Europe’s Investors on the Sidelines, Eyes on Brexit and OPEC+ Meetings



    European investors’ are waiting to know the Brexit talks outcome and the OPEC+ potential oil supply cut decision.

    The G20 summit has yielded good news it brought a temporary truce between the U.S. and China, with the U.S. President Donald Trump and the Chinese leader Xi Jinping agreeing that China will not impose new tariffs on the U.S. car imports and so boosting Europe’s carmakers’ stocks.

    Meanwhile, European traders are waiting for the Brexit situation to be finally resolved, with some doubts persisting over if the deal will be reached, with no-deal divorce still a real possibility.

    After the G20 summit, all eyes are on the upcoming OPEC+ meetings over December 5-December 7, with the decision to cut the oil supply to hopefully be taken by the organization’s members to curb the oversupply that, as traders fear, might hamper the global oil demand for the next year.

    The bad news was Qatar’s announcement of its quitting OPEC as part of the country’s long-term strategy for growing its international energy market presence with a focus on gas. Meanwhile, Russia and Saudi Arabia have agreed to extend the OPEC+ oil pact into next year. So now investors have to sit and wait for some certainty about the oil supply levels.

    Ivan Marchena, Libertex Analyst
     
  9. Libertex

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    Europe’s Markets Will Be under Pressure as Traders Await Brexit Deal Decision and Italy’s Draft Budget Revision


    For the time being, European investors await the outcome of the UK cabinet meeting to be held soon to see if the draft deal is approved. Meanwhile the UK Parliament continues its debate on the deal ahead of the December 11 vote. If the deal is rejected by the British MPs, the UK will have to leave the EU without a deal, which will hurt the country’s economy badly. So far, the deal is criticized both by the ruling party and opposition.
    Traders are anticipating next steps European Commission is bound to make to expand euro use to limit the dominance of the dollar as the global reserve currency. Eurocommission believes that stronger euro will help boost the global financial system’s stability. The euro expansion proposals from Brussels will be considered at the EU leaders’ summit later this month.
    Another thing that keeps all eyes on it is Italy’s budget, with the country to submit the new draft budget for 2019 to the European Commission that has rejected the previous draft. Italy’s government is currently contemplates the budget deficit reduction from 2.4% of national GDP as was previously proposed.
    Yet another concern is France, with investors waiting for the fuel tax increase to be suspended amid increasingly violent “yellow vest” protests, with France’s President Emmanuel Macron’s reputation bitterly undermined after the three-week unrest.
    As for the oil sector, financial scouts think that Europe’s investors’ sentiment will be significantly influenced by which way oil prices will go after the OPEC+ meetings where the oil supply cut decision will be taken (or rejected) by the members.

    Ivan Marchena, Libertex Analyst
     
  10. Libertex

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    Libertex trading platform adds 5 CFDs on cannabis shares

    Libertex has added five new contracts for difference (CFDs) to its trading platform. Starting from December 11th, 2018, traders using our cross-channel platform will be able to trade with the five hottest instruments, which represent the world’s most popular companies operating in the growing sphere of marijuana production and processing.

    CFDs on the following shares are now available in Libertex:

    Libertex CEO Michael Geiger said: “Marijuana is fast growing sector in Canada and in the US after having recently been legalized for medical and recreational purposes. This has led to a speedy increase in the amount of companies that now grow weed or produce medical products from the plant. Now, an influx in traders seek ways to include these assets into their trading portfolio. We are pleased to be able to satisfy the demand for these financial instruments and add CFDs for the most interesting stocks within the Libertex trading platform.”

    About Libertex:

    Libertex is an international brand with more than twenty year experience in financial markets and online commerce. Libertex provides investors with access to trade stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. The platform has more than 150 commercial instruments. In 2016, Libertex was recognized by the Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017, the Forex Awards named Libertex the best trading application and cryptocurrency broker.
     
  11. Libertex

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    Europe’s Investors Still Anxious, Prices Highly Volatile


    European stocks are still being struck by volatility, and investors continue to be anxious about the Huawei CFO’s arrest dimming US-China trade talks, which prompted the European Commission to express concerns about the risk of unauthorized data collection by Chinese technology companies in Europe.
    Meanwhile, given the recent US economic statistics, traders believe that the Federal Reserve will likely be flexible on plans to ratchet up interest rates in 2019 after this year’s 3 hikes, with the rate raised first in March, then in June, and then in September. Still, a fourth rate hike is expected to happen, and the FOMC meeting on December 18-19 is the likely occasion. So far we don’t know the number of interest rate hikes the Fed has projected for 2019. Though 3 hikes were planned, the regulator might decide to reduce the number should the economy worsen.
    The oil market was somewhat eased by the OPEC+ announcing the oil output to be cut next year, with the aggregate global oil supply to be reduced by 1.2 million bpd for 6 months starting January 2019 as agreed in the OPEC+ ministers’ meeting, with the OPEC countries to slow down their oil production by 800k bpd, and the supply from the non-OPEC countries to be cut by 400k bpd.

    As news and expectations remain mixed, the European markets are likely to remain very volatile in the offing. Financial scouts are confident that traders will continue to feel uneasy about the global developments.


    Ivan Marchena, Libertex Analyst
     
  12. Libertex

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    Pot Stocks’ Fall Continues, As Marijuana Market Corrects to Fair Levels

    Cannabis stocks continue their fall as they move deeper into the bearish territory and farther away from the October peaks. After the boom coming on the back recreational marijuana legalization, the stocks now go back down to fair levels.
    As marijuana market is massively driven by speculation with its stock prices overinflated, the current prices have been too far from real, with the stocks overbought. Many investors have painted too rosy a picture about the sector’s companies, expecting sales to skyrocket and yield super profits. In fact, many of cannabis producers failed to have a clear and effective business plans, and the expectations of the continuing blasting growth have never become a reality.

    Meanwhile, some major cannabis growers like Canopy Growth and Tilray do better than the rest of the segment, even after quite significant segment-wide price sag occurring last week. That said, the two companies’ stock may be good enough to buy for the long-term. A good thing for Tilray, and a long-term catalyst for its stock, is that it might get an appreciable share of the US marijuana market as planned, if cannabis is legalized throughout the US. Meanwhile, Canopy’s strengths are its production scale and market size.

    It is likely that the pot sector will continue to lose ground in the week to come. Canopy Growth (СGС) price is expected to drop to $25-$27, Tilray (TLRY) will be down at $95-$97, while Aurora Cannabis Inc (ACB) and Cronos Group (CRON) are to be priced $3.8-$4 and $9.8-$10, respectively. Aphria Inc. (APHA) stands out with its price really very volatile going 20% up or down intraday. And it looks like this will continue with the price to steadily range from $5 to $5.5.


    Ivan Marchena, Libertex Analyst
     
  13. Libertex

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    Marijuana Stocks May Become More Upbeat On Major Investors’ Getting Attracted to the Pot Sector, Marijuana Growers’ International Expansion Plans


    Canadian marijuana growers’ stocks’ fall was blunted by a bunch of positive news that bode well for the sector. The most important positive cue is that investors expect marijuana to be legalized throughout the whole country in the U.S. If this happens, this is likely to trigger a cannabis sector boom similar to the one that followed the legalization of the recreational marijuana in Canada. Though the pot sector has been spiraling downward for several months in a row after the boom.

    Another really positive thing is that major investors are eyeing the sector. Illustratively, the California Public Employees' Retirement System (CalPERS) scoops up the sector’s stock, specifically, by investing into Tilray, Canadian marijuana producer and a global pioneer in cannabis production and distribution.

    What’s more is that Tilray has announced the formation of its International Advisory Board that is an esteemed group of business and government leaders from countries where marijuana is legalized or moving for legalization, who will provide guidance to Tilray’s executive team and Board of Directors as the company pursues its aggressive global growth strategy.

    Meanwhile, Canada’s Aurora Cannabis Inc made it clear that it is set to expand into the Mexico’s market by buying Farmacias Magistrales, a Mexican importer of raw materials containing THC.

    Financial scouts expect that in the marijuana sector stock will grow appreciably in the days to come, with Tilray (TLRY) to go up to $76-$76.5, Aurora Cannabis (ACB) to climb to $6.5-$7, and Canopy Growth (CGC), Aphria (APHA) and Cronos Group (CRON) to go up to $32-$33, $6-6.5, and $11.5-$12, respectively.

    Ivan Marchena, Libertex Analyst
     
  14. Libertex

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    Marijuana Stocks Resumed Fall After a Short-Lived Growth Spree



    After the recent short-lived growth spree, Canada’s marijuana growers’ stocks fell back to reality, and so the downslide in the sector continued. Investors, who used to feel really upbeat as they anticipated marijuana to be legalized throughout all the U.S. states, now fear that this might not actually happen. Financial scouts believe that the greatest risk now faced by the pot sector is that marijuana sales may be banned under U.S. federal laws. And even though the ban is not really likely to be imposed, investors are slightly wary that it might be passed.

    Meanwhile, the good news that might bolster Tilray stock was that the world’s largest brewer AB InBev and Tilray are teaming up to research cannabis-infused beverages through AB InBev’s Ontario-based subsidiary Labatt, with each partner to contribute up to $50 million to the joint venture. Previously, Tilray also announced an exclusive global distribution agreement for medical marijuana with pharmaceutical giant Novartis.

    Still, with the stocks back into the bearish territory, we can expect the prices to sink. In the days to come, Canopy Growth (СGС) might slide down to $27.5, with Tilray (TLRY) likely drop to $70, while Aurora Cannabis Inc (ACB) Group and Aphria Inc. (APHA) are likely to slide down to $5, and Cronos might fall to $10.5.

    Ivan Marchena, Libertex Analyst
     
  15. Libertex

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    Pot Stocks Might Be Up After the Christmas Recess

    Canada’s cannabis stocks might grow appreciably after the Christmas trading break. Just before the holiday closing, the pot sector was feeling quite upbeat, with the Aphria Inc NYSE price notching up by a hefty 14% on December 24. The sector has caught the investors’ interest now for multiple reasons. One of them is that the U.S. stock market was brutally downbeat on Christmas Eve, having the worst pre-Christmas day on record. Investors’ being pessimistic about more conventional assets is due to the U.S. political gridlock, with the country’s President Donald Trump not willing to approve the 2019 spending bill without the Mexico border wall funding. As traders get disappointed about the classical investment instruments, they start eyeing more offbeat segments like cannabis and cryptocurrencies (where a pre-Christmas turbulent growth occurred as well). Another driver propelling the cannabis sector upward is the expectations that marijuana might soon become legal throughout the U.S. Should cannabis be legalized federally across the United States, marijuana growers will have a huge market for their produce. And given that the marijuana stocks have been pulled really far back from the October 2018 highs registered after recreational cannabis was legalized in Canada, there’s a really sizeable room for growth for the pot sector. We can expect that after the Christmas Recess in the U.S. Aurora Cannabis Inc (ACB) might grow to $5.5, while Canopy Growth Corp (CGC) might be up to $27, and Cronos Group Inc (CRON) and Aphria Inc (APHA) might climb up to $10.5 and $6, respectively.

    Ivan Marchena, Libertex Analyst
     
  16. Libertex

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    Precious Metals, Marijuana Stocks May Be a Good Choice for Investors for 2019, Cryptocurrencies, Oil Futures To Be Very Volatile.
    The upcoming year may bring a lot of unpredictability as far as the market outlook for classical assets is concerned. Stock markets and dollar will continue to face pressure due to the persisting global political tensions and uncertainties like the U.S.-China trade war that has still not been resolved, the oil oversupply fears, and the lack of clarity about further U.S. Federal Reserve stance on the interest rate.
    Should the Fed be somewhat back to the accommodative policy and implement fewer rate hikes than planned earlier, the dollar might be headed south.
    Meanwhile, more offbeat instruments like cryptocurrencies also do not look too strong and promising. The cryptocurrency market had slumped over 2018, with many bitcoin mining and cryptocurrency companies hurt badly by the downslide. This downward dynamics will probably continue in 2019, as there are no real cues for growth yet.
    Marijuana stocks might be of interest to investors now as markets waits for cannabis to be legalized federally throughout the U.S. Should this happen, the post sector stocks will skyrocket.

    Precious metals, too, remain a good choice for investors as a safe haven asset to invest into amid volatile market.


    Ivan Marchena, analyst of Libertex
     
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    Europe’s Stocks Continue Growing On Weaker Euro

    There are some odds for Europe’s stock indices to grow now that the Euro has weakened versus the U.S. dollar, and that investors are waiting for the outcomes of the U.S.-China trade talks.
    The exporters’ stocks dynamics are fostered by the weakening EU currency, as companies’ dollar-denominated revenues grow accordingly. The Euro has slid downward on the not too upbeat Euro Area statistics. Financial scouts note that this market sentiment indicator has hit the lowest levels in December 2018 since January 2017.
    Investors’ optimism is refuelled by the U.S.-China trade negotiations in Beijing with the U.S. President Donald Trump saying that the talks were “going very well” and “big progress” was being made. The U.S. leader said he hoped that the two countries would be able work out a long-term deal regarding all of the critical issues.
    One more thing European investors are waiting to know is what will be the outcome of the UK House of Commons Brexit deal vote slated for January 14. Initially, the vote was scheduled for December 11, but then it was postponed by the UK Prime Minister Theresa May. Now Britain and the EU are racing towards B-day, with the UK to leave the European Union by March 29.

    Ivan Marchena, Libertex Analyst
     
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    Financial Scouts: European Investors Apprehensive of the U.S. Government Shutdown, Possible China’s Economic Slowdown Impact

    European stock markets continue facing pressures on the U.S. government shutdown and China’s economic outlook related wariness.
    The current government shutdown is the longest in the U.S. history. The U.S. federal government has been in a partial shutdown since December 22, 2018 with a slew of key government agencies such as Department of State, Department of Justice and Department of Transportation affected due to the differences between the country’s President Donald Trump and Democrats over funding for the U.S.-Mexico border wall. With great many of the country’s main agencies’ employees not working, the U.S. economy is being hurt really badly, which reverberates onto the global economy overall.
    What’s more is that Europe’s investors fear that China’s economy might face challenges, too, with the concerns fuelled by the country’s economic statistics being rather weak lately. The two most downbeat indicators here are the country’s imports and exports that are sliding down on a persisting U.S.-China trade war. And though both countries have made some steps in order to put an end to the situation that is toxic to all parties concerned, there’s still a long way to go until the dispute is finally resolved.
    For Europe itself, Brexit remains a burning issue with no deal reached yet, while Britain is slated to leave the EU on March 29 either with or without a deal.


    Ivan Marchena, Libertex Analyst
     
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    Marijuana Stocks Grow on Corporate News

    Canada’s marijuana growers’ stocks traded in the U.S. markets are growing as they stabilize from a harsh correction. However, in the long run, the pot sector is likely to be affected by the U.S. internal political issues that will hurt the market across the board as well.

    The U.S. is now seeing the longest government shutdown on record, with a great number of employees at the country’s key agencies not working since December 22, 2018, which is detrimental to the U.S. national economy and its overall stock market overall.

    Contrastingly, Tilray (TLRY) stock grew appreciably, as Privateer Holdings that owns the majority of Tilray's outstanding shares, announced it had no plans to “register, sell or distribute” its holdings “during the first half of 2019”. Given that the stock surged higher and kept on going and going above its IPO price, but then finally were back under $100, and with the upcoming IPO lock-up expiration, investors previously feared that some of the cannabis grower’s stock holders might want to sell it.

    Aphria (APHA) stock was hurt by the news that its CEO Vic Neufeld and co-founder Cole Cacciavillani will part ways with the company “over the coming months”, which was counterbalanced by the business’ strong figures as its earnings soared by more than 60%.

    Meanwhile, Aurora Cannabis (ACB) was bolstered up as its sales were predicted to grow.

    Financial scouts anticipate that, in the offing, Canopy Growth (СGС) and Tilray are likely to jump to $40-$41 and $98-$100, while Aurora Cannabis Inc (ACB), Aphria Inc. and Cronos Group (СRON) are soon to be priced at $7-$7.5, $7.5-$8, and $14-$15, respectively.

    Ivan Marchena, Libertex Analyst
     
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    European Market Sentiment to be Driven by Corporate Reporting Figures, U.S.-China Trade War Resolution Progress


    European traders (and investors globally, too) are wary that global economy outlook for the years to come might be gloomy. All of the latest statistics updates flag an impending downturn with leading countries’ economic performances to slow down for the short term at least. This is true for the U.S., Asia, and Europe itself.
    Hence, in Europe, all eyes on the U.S.-China trade conflict resolution developments, as the persisting trade spat is a major negative driver for all economies across the globe. But then, there have been some positive cues lately, like U.S. President Donald Trump’s upbeat tweets or comments, suggesting that the trade war may eventually be settled. Mr. Trump is confident that fair trade deal will be reached in one way or another.
    Another focus of interest catching the European investors’ attention is the European Bank’s stand on the economic growth outlook both for Europe and globally. Recently, the ECB’s economic growth fears have risen in line with its peers’ economic sentiment pattern.
    One more important driver that will shape the European stock market dynamics in the offing is the EU business majors’ quarterly reports that have started to be published. So far, the figures look not too good, making investors feel downbeat.

    Ivan Marchena, Libertex Analyst