World Market News of the 25 September with FXOpen #stockmarket #ftse #opec #crudeoil #usd #fed #eur
☑️ EUROPEAN MARKETS SOBER UP AFTER GETTING A CHINESE STIMULUS BOOST
European stocks are expected to open in negative territory Wednesday, paring gains from the previous session on the back of Chinese stimulus measures.
The U.K.’s FTSE index is expected to open 46 points lower at 8,237, Germany’s DAX down 49 points at 18,924, France’s CAC 40 down 27 points at 7,568 and Italy’s FTSE MIB down 181 points at 33,686, according to data from IG.
U.S. stock futures were little changed Tuesday evening as Wall Street looked to extend September gains.
Source: CNBC
☑️ OPEC IS HIGHLY BULLISH ON LONG-TERM OIL DEMAND GROWTH. NOT EVERYONE AGREES
Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in 33 months — is terrific news for consumers, who will consequently see lower prices at the pump.
It’s also the stuff of nightmares for OPEC , for whom oil revenues are critical.
The oil producer alliance led by Saudi Arabia earlier this m
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