Money Flows before the European session

European markets are still lagging behind the states that have begun to assimilate the latest FED data and change in rhetoric. However, the reality for the eurozone economy seems to continue to weigh and hampers European indices to continue with the rally.

We are expecting to see the euro open today, indicating early indications, with the sentiment being kept negative unless we see positive macroeconomic data for PMI today for the Eurozone.

On the other hand, Brexit developed yesterday, with Eurozone leaders agreeing to extend Article 50. The turn of events turned out to be positive for the pound that British stocks could have today.

Indicative opening prices of major European indices:

DAX: 11540 - 42 points

FTSE: 7330 - 17 points

CAC: 5385 -14 points

However, we will expect an attempt to increase European stocks, given the US sentiment and the FDI's dovish message. Later today, we also have PMI data for the United States, number of oil platforms, and Fed balance sheet report. Given that it is Friday, we will expect weaker movements and the end of the week.

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