Today, we expect a waning sentiment for investors and traders in Europe after the negative wave continued its "flood" in red, starting from yesterday in the US after the bad CPI and later in the Asian session - the worsened CPI and PPI for China. The US indices finished slightly mixed but generally in negative territory, and things were not good in Asia. Although hoping for trade talks to stay alive from Trump and Xi, markets have priorities. In this case - the real economic data. The deterioration of CPI in both economies has again raised concerns about global growth.
Indicative levels of opening of major European indices:
DAX: 11047 - 48 points
FTSE: 7187 -16 points
CAC: 5046 - 20 points
This again scared investors and they again sought out safe-heaven assets to escape the risk. Today we will surely have a risk-off for both Europe and the US unless we have again a wonderful tweet from the US President to say that we are making positive progress in negotiations with China or financing the wall to avoid the government again.
Successful trading, traders!
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