Money Flows before the start of Europe

Today we expect a prudent start in European trade, as sentiment will rather remain largely negative again. The session in Asia has ended mixed because of the meeting between China and the United States, as today is the last day of vision between the two countries. Yesterday, in the United States, indices ended in green with optimism, but it was not convincing enough to "infect" the Asian markets as well. The indices in Europe are set to go at a slightly higher level with the idea, however, with a cautious approach that investors look and trust the negotiating parties that they will be able to make significant progress. Debates on Brexit in the British Parliament are also starting to take full effect, with the expectation that we will have another vote again next week. On the latest news, May does not intend to move Brexit the date.

Indicative opening levels:

DAX: +47 points

FTSE: -46 points

CAC: +22 points

However, the uncertainty surrounding the trading workshop changed the sentiment in favor of the US dollar as from the beginning of Asian trade it continued to rise. If sentiment continues today at a European and state session, the euro will remain lower for today.

Today, Germany will focus on industrial production, the Halifax residential price index for the UK, and consumer and business confidence for Europe.

Photo: Unsplash

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