Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
The European indexes negotiate in slight valuation. The situation in Greece has been relegated to the background in recent weeks but may recover part of the attention during the week. Today in the evening, the Prime Minister Alexis Tsipras will update the Greek Parliament on economic reforms that his government intends to implement and its discussions with European partners. In the Asian session, the price of the main raw materials traded lower. Despite continuous air strikes in Yemen and the apparent impasse in the negotiations between Iran and the sextet formed by the US, Russia, China, Britain, France and Germany, failed to have a positive effect on the prices of crude oil, which lost in the Asian session some of the gains made last week. The European technology sector may be excited by rumors emerged on Wall Street that Intel may acquire Altera by 10000 M.USD.
Last Friday US shares traded in consolidation. Only when it was made public Janet Yellen’s speech in a financial event in San Francisco is that the main indexes managed to draw a more consistent positive trend. The Fed’s President revealed that will need to increase interest rates sometime in the end of the year, even considering that their current level is historically very low. Additionally, Janet Yellen said that the process of normalization of interest rates should be gradual and should monitor the evolution of the economy. In this regard, Yellen said that it is not necessary that inflation will rise consistently for interest rates to be increased but that watch an acceleration in wages. Excluding the latter nuance, the statements of the President of the FED maintain the general lines of the reported and stated recently by members of FED and served to reassure investors that a rise in reference rates is not immediate.