DAX30: economic sentiment index fell in Germany

Forex analytics: Significant rise in the stock indices since the beginning of this week was caused by the increase in oil prices and expectations of the market participant that the US Fed would not raise interest rate so far. However, today, the uptrend has reversed into intraday downtrend. Excess of supply of oil puts pressure on oil prices. The price goes down triggering decline in the global stock indices.At ...