European markets have open in positive territory today, buoyed by a rebound in oil prices. However, markets are likely to remain cautious on political developments in Greece after the Greek Prime Minister offered to bring pro-European independents into the government and hold elections in late 2015 if lawmakers support him to elect a new President.
In the absence of major domestic economic releases today, traders would keep a tab on the Eurozone flash consumer confidence report and existing home sales and Chicago factory activity data in the US for further direction.
European markets have open in positive territory today, buoyed by a rebound in oil prices. However, markets are likely to remain cautious on political developments in Greece after the Greek Prime Minister offered to bring pro-European independents into the government and hold elections in late 2015 if lawmakers support him to elect a new President.
In the absence of major domestic economic releases today, traders would keep a tab on the Eurozone flash consumer confidence report and existing home sales and Chicago factory activity data in the US for further direction.
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