The session in Asia ends mixed, coming to Europe. Futures indicate a mixed start, but with a positive note. Today, the sentiment is expected to remain relatively positive after Mnuchin has hinted he expects the talks to move in a positive turn and is hopeful for a "happy ending." Negotiations are starting today, so it will keep the markets in Europe and the US hopeful.
Indicative levels of opening up to the main European indices:
DAX: + 6 points
FTSE: +11 points
CAC: -2 points
Moreover, today we have Germany and Europe consumer confidence, CPI, business climate - economic data that will drive the indices and the euro. Expectations today are also for a weaker dollar given the possible development of the negotiations today and the FED press conference respectively. Another event to which markets will go today, though the closing of Europe's trade session is the press conference of the US Federal Reserve at 21:30 Bulgarian time. What can we expect you can read here.
Yesterday, the British Parliament voted 7 proposed changes, with only two of them adopted and rather symbolic to give Theresa May more time to bring something new or better before February 13 when the new vote on the overall deal. After yesterday's vote, the EU immediately took the view that they would not renegotiate the terms either on Brexit or on the Irish border issue.
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