Tuesday, March 20, 2012

European stock markets expected down march 20 2012

European stock markets expected down march 20 2012, European stock markets march 20 2012 ; European stock markets are expected to open lower Tuesday, following losses in Asian markets overnight, as market participants continue to refrain from building exposure to equities after recent gains and look to economic data for fresh direction.

"Global equities have gotten off to a strong start to 2012 and many participants are divided as to the next direction for many of the major asset classes. After the run markets have had, a correction is never far off," said Stan Shamu, an analyst at IG Markets.

London's FTSE 100 index down by seven points at 5954, the DAX index in Frankfurt lower by nine points at 7145 and the CAC-40 index in Paris down by six points at 3572.

Attention Tuesday will be on a crop of second tier releases to provide direction. Data include housing starts and building permits in the U.S. at 1230 GMT and inflation data in the U.K. at 0930 GMT, while there will also be a speech by Federal Reserve Chairman Ben Bernanke later in the day. "Risk assets will remain supported but we continue to see consolidation for markets in the near term," said Credit Agricole.

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