US and Europe Expected to Open Higher - 12th December 2014

Dec. 12, 2014 - PRLog -- Capetian Asset Management is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.

US and Europe Expected to Open Higher - 12th December 2014

European markets are expected to open higher today after a mixed days trading yesterday.

Ahead of an announcement by the ECB later today markets are forecast to open higher as the data due is seen as a driver of the ECB stimulus plan.

Later today the TLTRO figures will be released and it is predicted that the uptake on the scheme is far below original forecasts. The ECB's Targeted Long Term Refinancing Operations were seen as a cheap way to lend banks money and to help inject cash into the system. Analysts forecast just €130bn has been taken by the banks and this is far lower than first thought.

The move could spark the ECB to begin QE sooner than previously thought however the situation in Greece may slow that down as many predict that Greece will not be able to exit their bailout programs provided by the IMF and EU.

In the US markets managed gains yesterday as news that Retail Sales and Weekly Jobless Claims helped bolster investors opinions of the US economy.

Retail Sales were up just 0.7% to $449.3bn and Weekly Jobless Claims had fallen again supporting the notion that the US economy was continuing to expand at a decent rate.

The news spurred all three of the major indexes higher on Thursday and the possibility of a supply reduction from OPEC should see them continue to see gains as the week closes.

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