Asian markets have largely changed their direction to a downgrade after a short adjustment in the upward direction. During the Asian session, there were no significant events that could affect FX or stock markets. The downsizing of some of the shares in Asia came from the sell-offs at the end of the US stock exchange. On the other hand, J.P. Morgan lowered his expectations for growth in China and added that the trade war would reach its peak in 2019.
Here are the main movements at the end of the Asian session:
Despite the negative sentiment during the Asian session, Europe is heading for a positive start on the stock markets. During the European Stock Exchange, we will most likely see support for the banking sector, mainly because of the FED's resolve to continue to raise interest rates in 2019.
Indicative opening prices of European stock indices:
DAX30 - 12291
CAC40 - 5485
UKX - 7492
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