LIVE MARKETS-Morning call: Set for a tentative rebound
Fri, 7th Dec 2018 06:29
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MORNING CALL: SET FOR A TENTATIVE REBOUND (0628 GMT)
The money still seems to be on European stock markets rebounding at the open after their rout yesterday. IG expects London's FTSE to open 98 points higher, Frankfurt's DAX to rise 103 points and Paris' CAC 55 points.
CMC Markets is giving similar levels for the open but there sure isn't that much enthusiasm on Asian markets at the moment despite Wall Street recouping most of its losses towards the end of the session.
Support can't be expected from oil prices which are still dragged by OPEC's decision to delay a final decision on output cuts.
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