The good mood started in the US and passed through Asia will be transferred to Europe today. The indices before the start of the European trading session look promising and predict a higher opening, moving to green territory. The positive prerequisite for good negotiations between the US and China has boosted the markets during the Asian trade series after the US indexes rose. This, coupled with the news that no further US government shutdown is expected, has only given a stronger, more optimistic breeze. It seems that for the moment, things are about the commercial conflict and the government, but nothing is still certain. Speaking of uncertainty, we are witnessing constant media "shots" between politicians and press and politicians against Brexit politicians. It seems that the Government and the Parliament will not find the panacea of all their problems, and the patience of Ireland and Brussels is exhausted.
Indicative levels of opens for the main European indices:
DAX: + 46 points
FTSE: +26 points
CAC: +13 points
Although chaos is full and March 29 is near, investors and traders in Europe are focused on more important criteria for their sentiment, such as accounts, prospects for the world economy, and the development of the trade war. Today, the more important data from the economic calendar we need to track are inflation figures in the UK and the United States. Especially for the US, because the data can tell us how inflation is moving and how much it is in the FED's expectations and, accordingly, would influence their monetary policy.
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