Futures of European indices point to a mixed start at the stock exchange session, with minimal changes to yesterday's closing, weighing uncertainty on Asian markets and the forthcoming Swiss National Bank (SNB) decision on the key interest rate and monetary policy path in Switzerland.
Changing interest rates is unlikely, so traders will focus on the SNB press conference at 10:30, where they will look for information on the future plans of the central bank. If the SNB shows that it will take the other central banks, notably tightening monetary policy, we can expect further support for the banking sector and CHF.
The FTSE100 will be traded under pressure for retail sales at 11:30. Expectations are strongly understated over the previous period, which will most likely put pressure on the British benchmark. With worse than expected data, UK sell-offs are on the rise.
Indicative opening prices:
DAX30 - 12 228.80
CAC40 - 5398.5
UKX - 7337.5
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