Money Flows before the start of European trading

Shares in Asia recorded a strong session following the positive tone of Wall Street, where FOMC hinted that it was not necessary to pursue a plan to raise interest rates, but on the contrary, they would take on patience and leave the economy to be driven by the strong labor and high economic activity.

Although fears about high interest rates remain in the background for the moment, there are a number of other events that are still throwing clouds on the markets and optimism is not that strong. For this reason, investors in Europe remain cautious, with futures on the main stock indexes starting the session without much change.

Indicative opening prices of European stock indices today:
UKX: 6,945 + 9 points
DAX: 11,206 -1 points
CAC: 4,985 +3 points.

At 12:00, Europe will release Gross Domestic Product data for the region. Expectations are indicative of growth in the economy, which can show the central bank that it is time for a step forward in the process of normalization and raising interest rates.

Due to the good performance of Wall Street on the back of FOMC, I expect a strong session on bank stocks. In addition, a good session is expected to have all the trendy ones in the face of technology companies. The reporting season is at its peak, and the good news from it will immediately reflect on investors and rebuild their confidence in the markets.

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