This week on the financial markets begins on a high note. Last week brought many positive reports, including better-than-forecasted earnings in the United States, plus the long-awaited signing of a trade agreement between the US and China. All of these factors have contributed to the optimistic mood on the market, at least for now.
Stocks are among the biggest winners in the current situation, marking growth all around the globe. Equities, on the other hand, are slightly lower in price today. Note that we do not expect much movement from the US today, as stock exchanges there are closed for Martin Luther King Jr.’s Day.
Meanwhile, a disruption to oil supply in Libya caused by the civil conflict there has contributed to the strengthening of oil prices. Brent crude rose to $65.49, while the WTI brand is trading near $59.02 per barrel.
Otherwise, today will not be loaded with events at all. The most important things to watch out for are press conferences. First, the International Monetary Fund will release its latest economic outlook report. In the evening, the ECB President Christine Lagarde will hold a meeting in Brussels. These may offer some economic insights, especially where the European Union is concerned.
