Despite Wall Street's slow trade and mixed sentiment in China, traders in Europe are waking up with a decent dose of optimism from the green lights on their monitors. Futures of the main stock exchange indices of the Old Continent point to a solid start of the session in an attempt to finish the week and a strong start in March.
Indicative opening prices of major stock indices:
UKX: 7,107 +30 points
DAX: 11,569 +47 points
CAC: 5,257 +22 points
Today we expect production data for PMI in the UK, Europe and Germany. These figures have the ability to trigger market movements, especially at a time when uncertainty has taken precedence. Germany as a highly production-oriented country will be closely monitored as the news release will determine the early movements of DAX. At 12:00, traders will focus on inflation data for the euro area. They will serve as an indication of where the Fed is on the path of normalizing interest rates.
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