Markets look relatively calm before the start of the European session

UKX - 7,258 -3 points
DAX - 11,482 +13 points
CAC - 5,318 -1 point

Asian shares are performing relatively well, with the Chinese pushing for a strong end of the week. Shanghai Composite has a 2.4% profit. Slightly more optimistic risk tones keep the Japanese yen back for the moment, but I expect a more serious outcome during the session.

The risk has generally recovered during the last session of Wall Street, with the overall sentiment remaining cautious. We may see a wider recovery of risk-on sentiments today, though it will be too early to say that risky assets will enjoy good profits in the coming days.

Add to the fact the ongoing US-China trade negotiations - this puts the worries about global growth and the fears of a recession against the optimism of progress between the US and China on the trade front. This will most likely cause a trade chop at least during the last session.

Today, I expect caution in European assets, and on the economic calendar we have a Gross Domestic Product in the UK that will reveal the effect of Brexit on the economy. Let's not forget about another vote on Theresa May deal later in the day in Parliament. Every comment here is superfluous, we have seen once again what is happening with the markets, and in case of positive and negative news from such an event - the best move here is to stay in the party and wait for the beginning of the new week.

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