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European indices added in today's trading supported by airlines and the automotive industry fuelled by oil trading at 5 ½-year lows. Brent dropped below USD49, its lowest since April 2009. Investors are looking forward to the European Central Bank policy meeting taking place on January 22nd and the Greek elections on January 25th that will keep markets volatile in the near future. As the Eurozone faces the risk of deflation the possibility of the ECB to buy government bonds is growing. Eurozone's consumer prices dropped an annual 0.2% in December declining for the first time in five years.
In today's session the FTSE 100 index added +0.34% quoted at 6,523.00 losing some of its early gains. France's CAC 40 gained +1.50% trading at 4,241.93. Germany's DAX 30 is currently trading +1.48% at 9,791.00 points further extending the good start.
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