Europe's markets are preparing to open higher, trade talks keep up the hope

Early indications for Europe point to a positive start, as the DAX leads, with the FTSE and CAC at almost the same levels since its closing on Tuesday. During the US session, the indices ended almost flat, and in Asia the movements were minimal. All eyes are focused on trade negotiations, and investors are no longer eager to understand what is happening. This enthusiasm, intertwined with the hope of resolving the conflict, has led to growth yesterday in the United States and Asia. It seems that this charge will be transferred to Europe as well, and today we expect the indices to be higher than to open up, but also to hold and grow.

Indicative levels of opening of major European indices:

DAX: 11604 +19 points

FTSE: 7168 +2 points

CAC: 5287 +5 points

In today's calendar, we do not have data on Europe or the Eurozone that fundamentally move the markets, but later in the US session we have data from the US about ADP and from Canada a decision on interest rates. Europe is set to continue today with the world rally in the stock, which we have seen for several months now. Despite the deterioration of the economy in Europe, the ECB's wandering of what "bullets" to load into its monetary barrel and the still pressing problems with Italy, the indices ignore them. Just as they ignore reality in the US and Asia, stocks are growing in the hope that things will improve. After all, what is the worst of hope? Perhaps disappointment. Trade boldly, but wisely.

Photo: Pixabay

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