Europe awakens to a green glow from Asian stocks

European equities can expect a positive start on Thursday as the Asian markets which are open have a green glow to them (Hong Kong and China are closed). The U.S. and China are talking about talks, which is helping to give Singapore equities a rare day in the spotlight.

The Fed put may not be dead and the VIX is heading lower, notes Garfield Reynolds. Yen forward swaps could grind higher as investors prepare for a BOJ tightening in 2019.

Indian stocks are looking to a dovish RBI for a rally booster. And the Brazilian real may be turning a long-term corner after the supreme court rejected Lula's plea for freedom.

European data includes Germany Feb. factory orders; service and composite PMI's for Spain, Italy, France, U.K., Germany and the Euro-area.

But like many other times, European indexes opened up just to collapse in the afternoon hours of the session (when the lunch break in the UK was over) and the volatility returns to the market - shortly before the U.S open.

We remain awaiting the outcome of the battle between Donald Trump and Amazon.com, as well as Facebook accusations. The result of these events may have an impact on the indices.

The moods seem calm, but the day is long and the indexes remain below their 200-year period.

Source: Bloomberg Pro Terminal

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