Reality pushed investors. They understood that they had to see the facts and the evidence. The rally on Monday that pleased Asia, Europe and the United States was extinguished during the Asian Trading session. Traders have welcomed the news that Trump has postponed the deadline for tariffs since March 1, but now expectations are focused on solid performance and deal-making. What the deal will be, however, will determine the future sentiment and market for which you can read here.
May has managed to delay Brexit for March 21, with no date yet. Corbyn passes on her side. It seems that a second referendum is set. The turnovers were enough to make GBP traders buy at a fast pace and push the price above $ 1.31000.
Kim and Trump meet today in the capital of Vietnam - Hanoi. Kim wants dollars, a strong economy and investment, but Trump wants complete and proven denuclearization. Europe is set to open at much lower levels than yesterday given the worse sentiment, real expectations and fixed look at trade talks.
Indicative levels of opening of major European indices:
DAX: -26 points
FTSE: -19 points
CAC: -9 points
Sentiment today will mainly be determined by the news of the three listed events, with the FX markets at GBP expecting stronger movements in both directions. Today we have a foundation for the UK, and any news or rumors will reflect on sentiment.
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