After the positive state session, traders and investors in Asia were able to record a good session. Asian indexes went up after the hopes that Trump and Xi are getting closer to finding a consensus on the trade war. At the end of the session, however, Caixin produced China's PMI, which was disappointing - 48.3 against 49.6 in January. Chinese markets have entered a negative territory.
With the deterioration of the Chinese economic environment, the fears of a slowdown in the global economy are once again exacerbating, but the worse fear of recession has not returned. Although the better mood at the beginning of the trade negotiations had given the start of the trades in Europe, it is now overshadowed by China once again. Futures indicate weaker opening, and sentiment seems to be negative.
Indicative levels of opening of major European indices:
DAX: -22 points
CAC: -8 points
FTSE: +5 points
Later on, we will also see the NFP data for newcomers in the nonprofit sector. Today is also a day for data on production PMI indicators in a number of regions such as Germany, Europe and the United States. Data and in particular the NFP will be of the utmost importance because they will shape the initial insights into the economic situation of the regions this year. They come right after the US government's partial opening, at least this crisis is approaching its true end. The CFTC has also opened doors, so today we will see the so-called COT report on net investor positions.
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