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Money Flows before the start of European trading

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Despite the unreliable performance of US indices, European traders enjoy a modest rise in the Old Continent markets just before the start of the session.

There, major stock indices will open up despite uncertainty about US-China trade relations.

Reports came out saying that the upcoming meeting between the two forces was canceled by the White House. The Trump Administration then quickly responded and denied these rumors, which confused the investors' trading plans. After the rise in Asian assets, moods remain positive, and European traders are ready to start the day with a moderate dose of optimism.

Indicative opening prices of European stock indices:
UKX: 6,831 + 11 points
DAX: 11,194 +38 points
CAC: 4,895 +19 points

Today, the economic calendar does not provide important relics to define market movements, so sentiment will primarily move from US-China relations, as well as news about Brexit and the management of Theresa May. With his latest move May refused to negotiate with the other parties in an attempt to resolve the Irish border problem. The more the spiral of political chaos revolves, the more we come to two of the main options: no - Brexit or the second referendum.


 Trader Aleksandar Kumanov

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