Defensive start of the session for the European investors

Despite strong performance in Asia and Wall Street, European investors will start today's session with a cautious trade.

Shares in Asia rose in the morning after the strong performance of the Dow Jones Industrial Average and the S & P 500, which recorded their best session during snap elections since 1982. All indices in Asia shone green, with the technology and health sectors bringing profits to investors.

The situation in Europe seems to be different, as traders are still not entirely convinced that market uncertainty is over.

Indicative opening prices of European stock indices:
UKX: 7,135, -16 points loss
DAX: 11,609, -44 points loss
CAC: 5,134, -26 points loss

One of the reasons for the decline in European indexes is the news that the US will impose definitive anti-dumping duties on Chinese traditional aluminum products from 96.3% to 176.2%. These rumors reminded that despite the positive results of the election, the trade war was quite serious and a fact.

Today, the economic calendar in the bloc does not provide important economic relives, so traders will focus on the Fed's decision on US base interest rates. Although no interest rate changes are expected today, it will surely be the same in December, and the FOMC press conference could bring more information about the country's future monetary policy plans in the new year.

Picture: pixabay.com

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