Money Flows before the start of European trade

07.12.2018 / 07:45

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Moods before the start of the European session remain mixed after a sharp sell-off on Wall Street, after which the shares jumped from their bottom, while in the Asian trade the mood was positive and the indices marked mainly growth. European Indices Indicative:

FTSE: +18 пункта

CAC: -13 пункта

DAX -32 пункта

Wall Street trading began with a sharp opening down, which forced the suspension of the trading. The decline came after the renewed fears of uncertainty surrounding the trade war, especially after the arrest of Huawei's chief financial officer, which threw the negotiations in a serious shadow. Later, however, the FED's statement that they could push the brakes on their monetary policy has pushed investors to rush back into shopping, and we have seen strong withdrawals from the November dungeon. NASDAQ even finished on a green led by the FAANG group.

Petrol finished down to about $ 50 a barrel at WTI after the OPEC meeting in Vienna yesterday failed to reach a final conclusion on the issue of cutting the yield. All members agreed to have a reduction in yield, but there were no specific figures. This is exactly disappointing market participants. Today there is an OPEC meeting again, but this time with allies outside the Cartel. The talks with Russia will be the most important.

Bitcoin resumed sales during the Asian trade, dropping below $ 3500 and bottoming up to $ 3275.

In the FX markets, the dollar yielded, but gained the position through the Asian trade.

Expectations once again are the key Brexit, Trade War and Fed to be a major catalyst for emotions and market movements, and today we have a slightly more busy economic calendar.

Trader Martin Nikolov

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Money Flows before the start of European trade

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