Money Flows before the start of European trade

A positive start is taking place at the European trading session today, with investors taking advantage of the air for a moment. For now, the trade war is in a slight lull. Trump's statements that "the US is not ready for a deal with China" have failed to overturn the Asian markets, and it seems that these words are not going to shock the European market players as well.

Indicatively, futures indicate a higher opening today of the main European indices: FTSE, DAX and CAC. From a fundamental point of view, the calendar is almost empty, with the sentiment again moving from world events. London is back in the game, and this will also give a better boost to trading with fresh liquidity and enthusiasm from traders.

Today, the Italian stock and bond markets are expecting to remain impoverished because of the threat that Italy has to pay a fine of $ 4 billion. The threat came after the news that the government failed to cope successfully with public debt.

Beyond the Channel, the Brexit drama begins to transform into the drama of the government until the final nominees for the post of Prime Minister are resolved. Now the government and parliament are not only pressurized for action by Brexit but also by the election of a new leader.

While Boris Johnson is about to go on stage, Jeremy Corbyn continues with the second referendum. Meanwhile, Nigel Farage's Brexit party surprised everyone by gaining solid positions in the European Parliament.

Given the situation on the island, the inclusion of London may be more cautious and the pounds remain under pressure. We expect the dollar to stay relatively strong, the yen and the gold to turn upward if it comes to a risk-off situation.

Photo: Flickr

Read more:

• Risk off after the escalation in the Middle East, markets are recovering in a period of calm
• The macroeconomic events for today’s trading calendar
• The US government has confirmed the attacks, Trump is calling an emergency staff meeting
• Has the war between Iran and the US started?
• US markets remain under pressure, traders await Iran’s response