Europe is heading for a positive start at the stock exchange session

After the positive positivism during the Asian session, Europe is heading for a positive start. Donald Trump's comment that he expects a "great deal with China" has led to the recovery of Asian shares and hence to futures purchases of European equities.

Today, during the European session, we expect a number of economic data from Europe that will inevitably have an impact on stock markets.

After the start of the European session, traders will focus on the unemployment rate in Germany at 10:55 and expect it to stay unchanged at 5.1%. If we still see an increase in unemployment, the EUR will get an additional negative push. At 12:00, we expect the eurozone's GDP, with its impact being felt more significant in the indices. Eurozone GDP is expected to fall to 1.9% from 2.1%, worse than expected data will have a strong negative impact on European indices, and better than expected would have a positive but low impact.

Indicative opening prices of European stock indices:

UKX: 7016.3 +46 points
DAX: 112320.3 +65 points
CAC: 4990.24 +33 points

Read more:

• USA ADP Nonfarm Employment Change: 202K vs 160K
• Iran response was ‘too fast and too furious’ on the U.S. airstrike
• USA – ISM Non-manufacturing PMI: 55.0 vs 54.5
• Top 5 things to watch on Tuesday
• Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making