Money Flows before the start of European trading

After the negative session of Wall Street, trade in Asia went relatively smoothly, with the markets trading in mixed territory. This morning, major stock indices in Europe are preparing for a startling day ahead, filled with many potential catalysts.

Market participants on the Old Continent will start the session cautiously but confidently and will try today to sign upgrades. Today is the next round of talks as they will be in focus and the rest of the time will be sentiment from any news about Brexit.

Indicative levels of opening of major European indices:
UKX: 7,176 +13 points
DAX: 11,409 +2 points
CAC: 5,190 + 3 points

Already at the beginning of the day, at 9:00, we expect GDP figures in Germany. After the release of the original report, which was as expected, I do not predict a major effect on the euro in this report, unless there are serious discrepancies with the previous one. At 12, we expect inflation data for the euro area. The finalized report is expected to be in line with the preliminary, again excluding large fluctuations in the euro unless there are surprises. At 17:30, ECB President Mario Draghi will make a statement to be followed by traders for signals on the future of monetary policy, the effect of Brexit on Europe and more.

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